Bitcoin Price Prediction: Resolution of the Bearish Flag Opens the Door Towards $24K
In the news today, El Salvador announced it would give $30 in Bitcoin to all its adult citizens to promote the adoption of Bitcoin as the 2nd national currency.
A breakdown of this border puts 30208 at risk, with a potential drop towards 24050 marking the endpoint of the measured move.
On the other hand, a bounce from the flag’s lower border brings a reprieve, as 35297 and 37455 become the new targets to the north as price aims for the upper boundary of the flag at 40750.
Eno is a certified financial technician and member of the UK Society of Technical Analysts.
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