Bitcoin Bull Flag or Bust?

Bitcoin's monthly chart is looking more and more like a macro Bull-Flag which interestingly puts price to around $50k, the same as the Fibonacci Golden Pocket target.

I was waiting to see if we'd see the Bull Flag play our, or a shallow Head and Shoulders / Triple Top pattern. Hard to say, but overall it feels Bullish.

BTC has gone up 15% in the last 7 days, so a near term pullback and profit taking day is due for Bitcoin on the daily chart, but I expect a hard bounce off it's rising 21 / 50 day EMA's and will be looking for a confirmed break AND close above 31K -$32k to confirm the rally is real.

Otherwise, if BTC can't hold the $30k level here, it's likely going lower to retest the prior $25.3k level that's been the lower edge of the sideways channel.

And let's not forget..

There's still a CME gap unfilled around $20k.

That would be like a Black Friday sale for Bitcoin and a chance to load up.

What do you think traders?