as we discussed last week in this post: BTC Bull flag is completed now.

p.s.: some call the triangle flags, Pennants. if you don't mind, I call both flags :)

now we have an updated chart here:

now we have a new triangle formed, even looks more bullish and ascending; but for some reasons, I believe a correction is needed for Bitcoin to continue its rally toward new highs.

let me mention one of those few reasons: Negative divergence between the price action and the MACD indicator as you can see in the chart above.

supports in the way: $12400, $12225 and $12000