BTC is currently trying to breakout of a bullish flag formation.
The projection of the bullish formation is around $70,000.
Also, the flag lines are converging around 20th September, it should be noted that the
Federal Reserve are going to have their FOMC meeting on 21-22 September.
In case they announce the taper (unlikely), stock markets and BTC are going to nose dive.
Need a breakout with high volumes for a proper bullish confirmation.
The projection of the bullish formation is around $70,000.
Also, the flag lines are converging around 20th September, it should be noted that the
Federal Reserve are going to have their FOMC meeting on 21-22 September.
In case they announce the taper (unlikely), stock markets and BTC are going to nose dive.
Need a breakout with high volumes for a proper bullish confirmation.
Comment:
Not gonna lie, BTC price action scammed everyone here.