Bitcoin analysis (oct 17th) 💰

Bitcoin is now at the top of this bull flag we have been trading in for the last few months.

Some are saying price has broken out and will continue up, however I need more confirmation

I’d like to see it chop/retrace briefly before bulls step back in showing a clear breakout

Alternatively, if $BTC doesn’t breakout here, a move down to 50K, maybe even 48K is likely in my opinion.

My view is we could breakout at this point. Election round the corner looking like a Trump win, end of 2024, markets up, rate cuts…