Bitcoin has formed a head and shoulder pattern against the dollar and has broken the neckline.
Further, it has formed after a significant uprun, which validates the pattern.
Hence, we expect the counter to be bearish in the near-term.
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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.