Bitcoin BTCUSD Inverted Head and Shoulders - Target 48k

Death cross has never been a major factor for Bitcoin. There have been multiple occasions when BTCUSD has rallied strongly following a death cross. Being a lagging indicator, it's more useful in legacy markets where there isn't as much volatility. The most recent death cross was in March 2020. BTC surged 100% 2 months later and 1100% a year later.

Inverted H&S setup looks perfect thus far for BTC. I expect a breakout next week and 48k before the monthly close or the first week of July at the latest.

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Pattern invalidated by a new low. Transitioned into a Wyckoff accumulation spring up