BTC is in a very decisive moment right now. It might trigger this Head and Shoulders pattern, what could bring the crypto down to U$ 3,850 (the optimal target for the HnS). It didn’t trigger yet, so that’s just a ghost that is haunting us.
In any case, if we see a bullish pattern here, like a Harami or Piercing Line or Bullish Engulfing it could frustrate the Head and Shoulders for good, and take the prices back to the U$ 9,2k again, which is a quite important region (notice that it served as support and resistance in the recent past). For that happen, it should breakout the U$ 7,306 region. In the perfect world, BTC would go up to the green line, U$ 10,500, but for now, we have a few challenges ahead.
In any case, if we see a bullish pattern here, like a Harami or Piercing Line or Bullish Engulfing it could frustrate the Head and Shoulders for good, and take the prices back to the U$ 9,2k again, which is a quite important region (notice that it served as support and resistance in the recent past). For that happen, it should breakout the U$ 7,306 region. In the perfect world, BTC would go up to the green line, U$ 10,500, but for now, we have a few challenges ahead.
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💪 Public track record.