$BTC Bitcoin Update: Head and Shoulder Pattern!
Updated
BTC Bitcoin price is forming an inverse head and shoulder pattern! Current Price: $69800
Major neckline resistance around $71,500
More precisely between 71500 - 73000
If
BITCOIN is going to move to higher prices then price action needs to break neckline resistance to make for price discovery up to 84k. Up resistances: 76400, 79200, 82200, 84600. This will cause altcoins to rally for higher prices.Else if #Btc continues to reject $71500, then expect retest of previous supports at 67000, & 64300. Consequently altcoins will further lose in value.
Note
BTC is heading towards the 67k level... If #btc cannot find support around 67k then expect lower prices!
Note
A daily close below 67k price action will only go lower!Note
BTC. still maintaining the 67k support levelNote
67K support broken! its down from here, Supports...64300, 60600, 57900Note
64300 hit!Note
BTC price action has committed a lower low at 64300.. This is a change in trend!Price needs to stay supported for 64300 else next support layer around 60k will be tested.
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