BTC – Bull Flag Spotted

A bull flag is spotted on BTC’s hourly chart. Currently, Bitcoin is ranging between $58,000 and $55,000 for more than a week. 

Bitcoin dropped to $53,000 on November 28, 2021, and then rose back to $59,000 in almost a single spike. Bitcoin then started ranging in the same area which now has turned into a Flag pattern. The pole of the flag is 10% of the price. If the price breaks above this level we might see bitcoin rising 10% more in the coming week.