$BTC Bitcoin Update: Head and Shoulder Pattern!

Zaktualizowano
BTC Bitcoin price is forming an inverse head and shoulder pattern!
Current Price: $69800

Major neckline resistance around $71,500
More precisely between 71500 - 73000

If BITCOIN is going to move to higher prices then price action needs to break neckline resistance to make for price discovery up to 84k. Up resistances: 76400, 79200, 82200, 84600. This will cause altcoins to rally for higher prices.

Else if #Btc continues to reject $71500, then expect retest of previous supports at 67000, & 64300. Consequently altcoins will further lose in value.
Uwaga
BTC is heading towards the 67k level...
If #btc cannot find support around 67k then expect lower prices!
Uwaga
A daily close below 67k price action will only go lower!
Uwaga
BTC. still maintaining the 67k support level
Uwaga
67K support broken! its down from here, Supports...64300, 60600, 57900
Uwaga
64300 hit!
Uwaga
BTC price action has committed a lower low at 64300.. This is a change in trend!
Price needs to stay supported for 64300 else next support layer around 60k will be tested.
Beyond Technical AnalysisBitcoin (Cryptocurrency)bitcoinlongBTCBTCUSDBTCUSDTChart PatternsTrend Analysis

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