$BTC Bitcoin at critical point... Head and shoulder Pattern!
BTC Bitcoin is at a critical pointCurrent price: 91000
Bitcoin has retraced over 16% from an all time high of 108k, Price action is currently forming a head and shoulder pattern which is usually a bearish pattern!
#btc needs to remain supported around 90.5k to continue its uptrend to all time highs at 119k
If
BITCOIN price action loses support at 90.5k then expect prices to retest supports at 85k and then 80k.Definitely a critical point to watch! What do you think?
Note
A daily close above 90.5k is bullish for BTC
A daily close below 90.5k is bearish
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.