Over the past few days, we have seen an increase in the price of Bitcoin. During this period, Bitcoin fluctuated between $18,200 and $19,500.

According to Cointelegraph, the price of Bitcoin has entered the stabilization phase since two days ago and after setting a new price record. The fluctuation range of Bitcoin has ranged from $18,200 to $19,500.

In the 1 and 4 hour time frame, a pattern similar to the flag pattern has been formed. By breaking this pattern, the price is likely to climb to $19,400. In this area, the price trend is expected to face resistance.

A break of the flag pattern means that $19,000 has become a strong support and if market buyers can make both 19,400 and 19,500 a support area, the next target will be to record a new all-time high.