BrettFogle

Bitcoin Head and Shoulders Breakdown

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COINBASE:BTCUSD   ビットコイン/米ドル
Bitcoin is breaking the neckline here for the current Head and Shoulders pattern that's been forming the last few weeks.

My target for Bitcoin is to come down and re-test the important support zone at / around $25,300 - $25,500 which would be a strong support level to bounce from.

Having a reset here and providing a slid launch point would likely push us to the Fib Golden Pocket around 48K -$50k

What do you think?

23-year investor, trader, and early investor in Bitcoin & crypto.

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www.moonstream.io/report
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