BitcoinLong
BTC Inverse H&S Bullish Thesis
BTC has been consolidating for in a bullish consolidation pattern within a broader rising channel. Volume has been drying up recently which I expect will lead to a strong move and a test of ATHs. I'm expecting a break above neckline resistance to carry us into the 99950 range which is both an overhead supply zone for ATHs and is the trendline supply zone. This suggests about a $2250 move upside which is very reasonable based on the height of the inverse H&S pattern. I think ATHs will follow shortly after this trend break but will need to see what sentiment is like at these levels and what profit-taking looks like at 100K.
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