An update on price action of #BTC https://abs.twimg.com/hashflags... draggable="false" alt="">.

TLDR: Although #BTC https://abs.twimg.com/hashflags... draggable="false" alt=""> didn& #39;t attain a new ATH on 4/7, its price action is still bullish as it is trading within a bull flag.

Price target remains: $64K-$79K

Timing for $79K: If #BTC https://abs.twimg.com/hashflags... draggable="false" alt=""> trades to the top of the ascending parallel channel on 4/19.

#BTC https://abs.twimg.com/hashflags... draggable="false" alt=""> didn& #39;t attain a ATH by 4/7, but challenged the bottom of the ascending parallel channel 5 times before bouncing back in it (4hr chart).

The confluence of the bottom of the bull flag and that of the channel provides strong support at $56K.

#BTC https://abs.twimg.com/hashflags... draggable="false" alt=""> is hugging the bottom of the ascending parallel channel. It& #39;s expected to snap back inside it should it move to the bottom of the bull flag (purple).

The price action of #BTC https://abs.twimg.com/hashflags... draggable="false" alt=""> looks similar to that from 3/25. If so, it& #39;ll trade up to the target of the bull flag (blue)- $64K!

It seems that #BTC https://abs.twimg.com/hashflags... draggable="false" alt=""> may be forming the bottom of the right shoulder of an inverse head & shoulder pattern (4hr chart).

If #BTC https://abs.twimg.com/hashflags... draggable="false" alt="">& #39;s price flips upward toward the neck line at $60K, this is confirmed. A break above that could send $BTC to $70K & then $72K (cup & handle target).

It& #39;s unclear how #BTC https://abs.twimg.com/hashflags... draggable="false" alt=""> will trade, but if it moves to the top of the channel as projected on 4/19, we could still see $79K. A correction could ensue afterward.

In doing so, #BTC https://abs.twimg.com/hashflags... draggable="false" alt=""> will also reach the targets of the bull flag (blue) ($64K) & that of the cup & handle pattern ($72K).