BTCUSD: Could Hit 61165 Today, But Monthly Close Looms

Our Bitcoin price prediction from yesterday was spot on:

There’s not much on the lower time frames to suggest a reversal or slowing of bullish momentum. We saw another bull flag pattern this morning, which is targetting our 61165 level.

BTCUSD 15-Minute Bull Flag
BTCUSD 15-Minute Bull Flag

The only issue is that we say goodbye to March today. Monthly (and 3-monthly) closes create mad volatility and could magnetise price action around 58354.

BTCUSD 1-Month Chart

So, let’s remind ourselves that any close above 58354 is super bullish for the long-term (monthly) picture.

It’ll make it 5-in-a-row for higher monthly closes.

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