as we discussed last week in this post: BTC Bull flag is completed now.
p.s.: some call the triangle flags, Pennants. if you don't mind, I call both flags :)
now we have an updated chart here:
now we have a new triangle formed, even looks more bullish and ascending; but for some reasons, I believe a correction is needed for Bitcoin to continue its rally toward new highs.
let me mention one of those few reasons: Negative divergence between the price action and the MACD indicator as you can see in the chart above.
supports in the way: $12400, $12225 and $12000
