From Cointelegraph: 2024-04-26 12:42:07

Bitcoin’s price is showing a bull flag pattern, hinting at potential upside momentum in the market. However, experts believe a catalyst is needed for the cryptocurrency to reach new highs.

The bull flag pattern is typically a bullish signal for Bitcoin’s price, indicating a potential upward trend in the market. However, market analysts are waiting for a catalyst to drive Bitcoin to new record highs.

While Bitcoin’s price is displaying a bull flag pattern, analysts caution that a catalyst is needed for the cryptocurrency to see a significant rally to new highs. The current market situation suggests potential upside momentum, but a trigger event is necessary for further growth.

Read more at Cointelegraph: Bitcoin chart bull flag is a ‘strong bullish setup’ — Analyst