Bitcoin forms bullish flag pattern - outbreak indicates $ 144k, while the MacD supports the rally and resistance remains decisive at $ 109K.

Bitcoin forms bullish flag pattern - outbreak indicates $ 144k, while the MacD supports the rally and resistance remains decisive at $ 109K.

Bitcoin-Bullish Flag: Possible outbreak to 144,000 USD

Current market analyzes show that Bitcoin forms a Bullish flag that indicates a potential outbreak. The analyst Merlijn indicates that this outbreak could point to $ 144,000. This technical chart formation is a positive signal for investors, since it often indicates a continuation of the current trend.

In addition, the MACD (Moving Average Convergence Divergence) supports the rally, which increases trust in a further increase in Bitcoin prices. The MACD is a popular indicator of traders that provides trend -following signals and provides information about the dynamics of a market.

However, the resistance remains a decisive brand at USD 109,000. Breaking this resistance could be crucial for future price development and would possibly further strengthen the momentum for an increase to $ 144,000.

investors should continue to observe developments on the Bitcoin market, especially with regard to the resistances and technical indicators mentioned.