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The crypto rally continued all through today as both the Bitcoin and Altcoin markets continued to trend higher for the weekend.
The Bitcoin price is also creating a new key support level in the 15 minutes timeframe. If this level holds, we might see even more price rallies in the coming days.
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Bitcoin Ready For the Last Leg Up!
Our Bitcoin bullish prediction Must Read: Bitcoin Just Broke Through This Flag Pattern! Surge To $36k? is playing out exactly as we predicted.
The price of Bitcoin has been very bullish ever since breaking through the 15 minutes flag pattern. And right now the Bitcoin price is getting ready for the final leg move up to our $36k bullish target for the flag pattern breakout.
The price has been ranging for some time now, building momentum for the last leg of the rally. The key level to watch is the $33,538 support.
This support has held the Bitcoin sideways consolidation well and might be the perfect base for us to see more bullish momentum come into the Bitcoin market.
It is important for the Bitcoin bulls to hold this $33,538 support because a price break back below it could mean that Bitcoin bulls are losing steam and we might see the crypto price begin to sell-off soon.
Bitcoin Bullish Traget
Our bullish target is still the $36k price region. This is the traditional target for a bullish flag breakout.
Will Bitcoin continue to rally once that level has been smashed? We don’t know for sure but for right now, we are still bullish on Bitcoin and will remain bullish until the price breaks below the $33,538 new key support on the 15 minutes timeframe.
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