A head and shoulders pattern is formed in BTC, visible in 4H and lower time frames. The neckline (around 47000) is broken and validated by an increase in trade volume. A drop in price is expected, with a possible target around 42000.
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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.