Bitcoin BTCUSD Analysis 30MBitcoin / U.S. dollarBITSTAMP:BTCUSDEmily-Parker7Bitcoin has successfully broken out of a descending channel Bullish Flag on the 30 minute timeframe This pattern typically signals a continuation of the previous upward trend The price is now stabilizing above the breakout line which has flipped into support With the target set toward $75775 the momentum remains strongly in favor of the bulls as long as we hold above the $71000 psychological level