Bitcoin Bulls Loading Up!!
With bitcoin currently resting at a key area of resistance (smaller downtrend in red) I am watching for the price to drop just a little somewhere into the red circle where we can find support and complete a solid inverted head n shoulders pattern to break out of this smaller induction trend and launch back up to test 60k.
The bottom did hit the 0.5 fib level of the previous pullback and if price does not revisit the low of 50,600 there is a very high probability we will resume to the upside.
The bottom did hit the 0.5 fib level of the previous pullback and if price does not revisit the low of 50,600 there is a very high probability we will resume to the upside.
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