I see a bearish inverse head and shoulders pattern playing out on the hourly chart of Bitcoin. This is not only bad for Bitcoin, but probably the entire crypto market as they all seem to move closely in step with the big dog BTC. If the neck line resistance holds through the next day, I would expect a plummet down to the mid 
52K range over the next few days based on the distance between the head and the neckline.
52K range over the next few days based on the distance between the head and the neckline. 
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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.