Hi Traders,
I remain bullish on Bitcoin, though the short-term charts are showing some bearish signs. A clear head-and-shoulders pattern has emerged on the chart. While the target could potentially reach 80K, I wouldn’t be surprised if it reverses sharply before hitting that level.
That said, I’m hopeful this scenario plays out, as it would provide a great opportunity for a reset and a chance to buy the dip. Keep an eye on this setup, and I’ll see you next year!
I remain bullish on Bitcoin, though the short-term charts are showing some bearish signs. A clear head-and-shoulders pattern has emerged on the chart. While the target could potentially reach 80K, I wouldn’t be surprised if it reverses sharply before hitting that level.
That said, I’m hopeful this scenario plays out, as it would provide a great opportunity for a reset and a chance to buy the dip. Keep an eye on this setup, and I’ll see you next year!
Trade active
It currently looks like a proper head and shoulders. I might have mistaken the last shoulder, but now we have one more clearly. It has potential to reach around 80-83k.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.