Bitcoin Weekend Status — Breakout Successful, Follow Through Nee

Yesterday, Bitcoin continued its remarkable recovery from the latest dip. With no time to lose, BTC broke out of the long-term bull flag and confirmed it on the daily chart.

Currently, it looks as if BTC retests the breakout on lower timeframes. Therefore, it will be essential that this level holds and Bitcoins push another leg up — preferably to the level of >70k.

Today, Donald Trump will speak at the Bitcoin Conference in Nashville. Many crypto fans expect (and hope for) bold pro-Bitcoin statements, which could logically further drive the latest bullish momentum.

Therefore, a >70k Bitcoin price during the weekend seems reachable.