A widely followed crypto analyst is expressing bullish sentiment on Bitcoin (BTC) days after the halving took place.
The analyst, pseudonymously known as Bluntz tells his 257,100 followers on the social media platform X that Bitcoin is preparing to break out according to price action on the two-hour chart.
Based on the pseudonymous analyst’s chart, Bitcoin appears to form a symmetrical triangle on the two-hour chart. Symmetrical triangle patterns can either be bullish or bearish – bullish if the price breaks out above the upper trend line and bearish if the price breaks down below the lower trend line.
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According to the pseudonymous analyst, once Bitcoin overcomes the $67,000 resistance level, “I think the whole market flies”.
Source: Bluntz_Capital/X
Bitcoin is trading at $66,455 at
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