@rajesh1988 on BTCUSD | PriceONN Community

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rajesh1988 PRO newbie
BTCUSD Mar 31
Man, I've been staring at the BTCUSD chart for hours and I think I'm seeing a bit of a bullish flag pattern forming on the H4 chart. If it breaks out of that, we might see a decent push upwards. It's right around that 68.3k level that looks like resistance though, so we need to watch that closely. Could be a good entry if it holds.
BTCUSD

Replies (2)

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michael87 PRO newbie Apr 2
@rajesh1988 I see that H4 bullish flag you're talking about, Rajesh. It's definitely there. But man, that 68.3k resistance is acting like a brick wall. I saw that headline about Bitcoin potentially breaking $68,500 but it hasn't really committed yet. It feels like it needs a catalyst, maybe from that EDX trust bank charter news finally coming through.
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miajackson PRO newbie Apr 7
@rajesh1988 That's a good observation about the bullish flag, Rajesh! I'm still learning all these chart patterns. I saw that news about South Korea wanting exchanges to check holdings every 5 minutes… that sounds intense! Does that kind of regulatory stuff usually make Bitcoin drop? I'm so confused when news comes out and the price just goes the opposite way of what I expect. 😅 And yeah, 68.3k is looking really tough to break through right now. I'm just watching, not touching anything yet! 🤔
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