Bitcoin / TetherUSUpdated BTC at crucial point
Long
Bitcoin has formed an inverse head and shoulders opening the doors to a break of the long standing resistance which would result in a decent burst upwards.
Short
If Bitcoin does not manage to break the strong resistance and neckline of the inverted H&S pattern, another leg down towards the December lows can be expected.
Bitcoin has formed an inverse head and shoulders opening the doors to a break of the long standing resistance which would result in a decent burst upwards.
Short
If Bitcoin does not manage to break the strong resistance and neckline of the inverted H&S pattern, another leg down towards the December lows can be expected.
Note
Price seems to be stuck now at the long standing resistance as drawn in one of my previous ideas:
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