Bitcoin Ready To Rally Again! Watch This Pattern. Price To $44k?

4:05 pm, Sat, 31 July 21

Current Bitcoin Data

Dominance
Price
Market Cap
Volume (24h)
1h
12h
1d
7d
1m
1y
Bitcoin Bulls Are Back! Watch This Ascending Channel on Bitcoin.
Bitcoin bullish prediction from a previous analysis Bitcoin Bulls Are Back! Watch This Ascending Channel on Bitcoin.

Bitcoin is playing out exactly as we predicted in our previous analysis Bitcoin Bulls Are Back! Watch This Ascending Channel on Bitcoin. rallying back up to the top of the ascending channel pattern Bitcoin is currently trading in

However, the price is yet to smash our ascending channel target on the 15 minutes timeframe instead we are seeing Bitcoin range a bit more as it builds up more bullish momentum to make the final rally up.

Bitcoin Read To Rally Again! Watch This Pattern. Price To $44k?
Bitcoin Read To Rally Again! Watch This Pattern forming in the 15 minutes timeframe. Price To $44k?

We will be talking about the mini flag pattern forming right now on Bitcoin, how it will affect the price, and the key levels to watch for in the coming days.

To trade Bitcoin with leverage, sign-up to Bybit right now! You can also get up to $1,610 in deposit bonus when you sign-up and fund your Bybit account with our Bybit link.

Bitcoin Ready For The Last Leg UP

Bitcoin Read To Rally Again! Watch This Pattern. Price To $44k?
Bitcoin Read To Rally Again! Watch This flag Pattern forming on the 15 minutes timeframe. Price rally to $44k soon?

We believe Bitcoin is ready for the last leg up on the 15 minutes timeframe. But for that to happen the price needs to break through the flag pattern the Bitcoin price is currently ranging in.

A break of this pattern to the upside confirms our bullish bias and points to more price rally higher in the coming days.

Key Level To Watch

Bitcoin Read To Rally Again! Watch This Pattern. Price To $44k?
Bitcoin Read To Rally Again! Watch This Pattern. Price To $44k? Bitcoin bullish prediction on the 15 minutes timeframe

The Key Level to watch is the $40k support region. This price level is a key level both on the 15 minutes timeframe and the 4-hour timeframe, making it very important for Bitcoin bulls to hold.

We want to see the Bitcoin price continue to trade above this support for our bullish bias on the Bitcoin price to remain valid. A break of this support to the downside only increases the chance of us seeing more bearish pressure come into the Bitcoin market in the coming days.

Bitcoin Bullish Targets

We are watching two targets in the 15 minutes timeframe:

The First Target: The Asecding Channel

Bitcoin Read To Rally Again! Watch This Pattern. Price To $44k? Bitcoin bullish prediction on the 15 minutes timeframe

Our first target is the top of the ascending channel in the 15 minutes timeframe. We believe there is a very high probability for the Bitcoin price to rally to this level in the coming days before finding resistance.

The Second Target: Flag Pattern

Bitcoin Read To Rally Again! Watch This Pattern. Price To $44k? Bitcoin bullish prediction on the 15 minutes timeframe
Bitcoin Read To Rally Again! Watch This Pattern. Price To $44k? Bitcoin bullish prediction on the 15 minutes timeframe

Our second target is the mini flag pattern Bitcoin is forming. This pattern has its own traditional bullish targets we can aim for also.

If price played out with this bullish flag pattern, we might see Bitcoin actually breakthrough that ascending channel pattern and continue surging higher to the $44k price level in the coming days

[bybti]

Easy Steps From Beginner To Pro Crypto Trader

You can speed up your learning journey by reading our How To Trade Bitcoin Guide. This guide is the best for crypto traders who wants to get familiar with the basics of Bitcoin trading. You can also check out our top list of Best Bitcoin Exchanges To Trade With.

PrimeXBT Covesting: Trade Hassel Free

Sign-up on PrimeXBT today to trade Bitcoin hassle-free. You can copy experienced traders and access hundreds of different strategies on the platform! Don’t forget to claim your 50% bonus by using the promo code “bitcoinsensus50” when you sign-up with our link  PrimeXBT Covesting

Recommended Bitcoin Trading Platforms:
★★★★★
★★★★★

Rating: 94%

Claim up to $600 in Bonus

100x Leverage

Fees:
Deposit Methods:
Taker:
0.075%
Maker:
-0.025%
Wire:
Credit:
Crypto:
★★★★★
★★★★★

Rating: 89%

Claim up to $112 in Bonus

100x Leverage

Fees:
Deposit Methods:
Taker:
0.075%
Maker:
-0.025%
Wire:
Credit:
Crypto:
★★★★★
★★★★★

Rating: 91%

Get 50% Deposit Bonus

100x Leverage

Fees:
Deposit Methods:
Taker:
0.050%
Maker:
0.050%
Wire:
Credit:
Crypto: