Potential head and shoulders forming on BTC, strong support
BTC has broken through the $7.5k support with ease.
Next support is at $6500 and $6100-$6200 area.
While its currently too early to tell, a potential reversal head and shoulders pattern is being formed on BTC. Time will tell us if its the case.
My advice: If you want to trade on BTC, wait for the right shoulder to form and see if there’s enough volume for a breakout from the neckline.
Next support is at $6500 and $6100-$6200 area.
While its currently too early to tell, a potential reversal head and shoulders pattern is being formed on BTC. Time will tell us if its the case.
My advice: If you want to trade on BTC, wait for the right shoulder to form and see if there’s enough volume for a breakout from the neckline.