Bitcoin appears to be forming head and shoulders pattern, and we may see the bearish scenario play out here with a dump down to 27k and then a rebound. However, keep in mind that bitcoin often ignores bearish pattern statistics in raging bull markets such as the one that we're in, and we could easily see yet another huge pump instead here. I just thought I'd stay objective and point out the chart pattern.
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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.