It looks like the head and shoulder pattern on bitcoin may be playing out. There is a measured move of $16,000, but that seems highly unlikely, but possible. 200 weekly ema currently is at $22,000 Fibonacci time line approaching as well, which is the vertical blue lines.
Note
The macro Head & shoulders, from the top structure target, was just hit. Is the bottom in? Hit the play button
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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.