Bitcoin Bottom Reversal Pattern

Bitcoin is signalling a potential floor at USD 32K.

An inverse head and shoulders pattern is forming, and the right shoulder is attempting to break above neckline resistance at USD 46K

If BTC/USD can manage to flip this neckline resistance into support with a bullish break and re-test, then further reversal continuation is likely.

Should this occur, then the next two resistance zones are USD 49K and 54K respectively.

This argument is invalidated Bitcoin falling below USD 41K support.


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