BTC | Inverted H&S
Bitcoin has formed an inverted head and shoulder pattern and has broken above it after retesting the 30-week moving average for support. It may retest the H&S neckline around the 25250 level for support and eventually move towards the Fibonacci retracement level of 0.382. If BTC falls below the neckline and the 10-week moving average, the crypto coin may become bearish again and descend to retest the 30-week moving average once more.
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