BTC - Freefall to 42K

A head and shoulders pattern is forming on the 1 & 4 hour chart implying a possible sharp drop to 42K.

Bulls must bring the price back up to 50,2000 and close above that level to invalidate this scenario.

If 42K fails to hold, I am expecting a further decline to 38K.

CeleryInvestor.com
Chart PatternsTechnical IndicatorsTrend Analysis

Disclaimer