This Bitcoin Flag Pattern Still Playing Out! What Next?

9:06 am, Sun, 17 July 22

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This Bitcoin Flag Pattern Still Playing Out! What Next? Watch this price prediction in the 4-hour timeframe
This Bitcoin Flag Pattern Still Playing Out! What Next? Watch this price prediction in the 4-hour timeframe

For weeks now, the Bitcoin price has been trading within a massive flag pattern in the 4-hour timeframe.

This flag pattern is very important to the BTC price because we can see the crypto price respect the pattern key levels over and over again. This means that a lot of traders have actually taken note of this pattern forming and we can expect to see it play out completely in the coming days.

The last time a flag pattern formed in the Bitcoin price chart, we saw a massive move follow. So there is a very high probability we might see that kind of move happen again.

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What Should We Expect Next For Bitcoin?

This Bitcoin Flag Pattern Still Playing Out! What Next? Watch this price prediction in the 4-hour timeframe
This Bitcoin Flag Pattern Still Playing Out! What Next? Watch this price prediction in the 4-hour timeframe

The Bitcoin price is currently in “No Mans Land” and will remain that way as far as the BTC price continues to range and trade within this Flag Pattern playing out in the 4-hour timeframe.

For us to start trending again, we need to see a clear break out from these channels that make up the flag pattern. Only then can we have our confirmation that the BTC-ranging market might finally be over.

What Direction Do We Expect This Break Out To Take?

This Bitcoin Flag Pattern Still Playing Out! What Next? Watch this price prediction in the 4-hour timeframe
This Bitcoin Flag Pattern Still Playing Out! What Next? Watch this price prediction in the 4-hour timeframe

We don’t know for sure what direction this BTC price breakout will take. However, we do know that once it does break out, it would be doing so with a lot of price volume.

So in the coming days, we will be keeping a close eye on this flag pattern to see how the price intends to break out from it.

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