🔍 Bitcoin Update:
- Breakout 1✅
- Breakout 2 ⚙️
- Confirmation🙅♂️
🚀 Finally, some positive price action!
Bitcoin closed yesterday with a crucial candle, pushing the price above $60k. This move marks a breakout from its bearish chart pattern on the lower timeframe—a key development!
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Distribution after 29 AUGUST hurry up guys
But, the journey isn’t over yet. 🛤️
Bitcoin needs to break above the middle band of its long-term bull flag to trigger a strong bullish momentum. This critical resistance level is currently around $61k.
🔗 Next Steps:
Bitcoin must confirm this breakout on a higher timeframe to solidify the move. Until we see that confirmation, it’s essential to remain cautious. 🚨 We've witnessed many fake-outs on the downside, and it could happen at the top too. Stay vigilant!