Looking at the daily chart on bitcoin I see what looks like a bull flag forming. This is obviously bullish news as for this pattern to form price has already made a push higher and then consolidated that move in a tight range with the expectation that it will leg up again.
Come on bull season...
Granted there are no guarantees that price will break to the upside as chart patterns are probability based. In this instance the odds are in favor of higher prices, but again, anything can happen.
I will say, holding above 50K after the breakout is a good sign that buyers are in control still. Halving is about 2 months away. Things should get interesting.
Posted Using InLeo Alpha