Bull flags are historically associated with more upside momentum, but Bitcoin price could still use a catalyst before rallying to new highs.
Bitcoin (BTC) printed a bull flag on the daily chart, a technical chart pattern associated with strong upward momentum for the asset. Could it signal the start of the post-halving bull run?
Bitcoin printed a bull flag pattern on the daily chart on April 26, according to an X (formerly Twitter) post by popular crypto analyst Mikybull, who wrote:
The current chart formation is “a strong bullish setup,” according to Denis Baca, financial analyst and head of product at Zivoe. Baca told Cointelegraph:
