Bitcoin to surprise most with move to $78k

Bitcoin price action has continued to frustrate market participants with price action resistance at 70k. That’s about to change. Why?

1) Price action and RSI resistance breakouts.

2) A trend reversal is evident with the first higher low on May 11th now followed by the first first higher high. Yellow arrows.

3) The flag, you can see it? It is very clear. A breakout is confirmed with a measured extension to $78k

4) Most ideas published on tradingview.com at this moment are bearish. Remember the crowd almost always gets it wrong.

Is it possible price action corrects further? Sure.
Is it probable? No.

Ww

Trade ist aktiv

Trade ist aktiv:

Ignore the signal at your wish, many do Including myself from time to time. Emotions etc...

Order storniert:

Market structure has officially broken.
Needed multiple days of price action holding 69k.

Kommentar:

PS: This is not a market top, just a heinous correction incoming.
No, worse than you think.

Trade ist aktiv:

Now or never...
Price action now on Golden ratio
Price action on flag backtest
High probability signal prints


12hr chart,