Bitcoin Flag Breakout Points to $98K Target

Bitcoin may be preparing for a major price move. A technical pattern called a "flag" has appeared on Bitcoin's price chart. A flag is a short pause in price movement after a sharp rise or fall. Traders watch for a "breakout," when the price moves beyond the pattern. A breakout often signals that the previous trend will continue. According to the source material, Bitcoin is projected to reach $98,000 if this breakout holds. No timeline was given for the forecast.