Bitcoin BTC USD Forecast - Two Bullish Reversal Patterns
Chart is in the middle of completing the head of the H&S pattern. This will be BTC's first attempt for a bullish reversal and get back to the good old days. However if Inverted H&S fails, BTC has another hope - double bottom at $6,000.
I believe that if BTC falls below $7,500 it would continue to drop to critical support at $6,000 and hopefully once again find support to climb back up.
This is not an investment advice, always do your own research.
I believe that if BTC falls below $7,500 it would continue to drop to critical support at $6,000 and hopefully once again find support to climb back up.
This is not an investment advice, always do your own research.
Trade closed: target reached
Spot on!Inverted Head & Shoulders Pattern complete. Bullish trend confirmed.
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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.