Bitcoin has formed an inverse head and shoulders pattern and has broken through the neckline with a big green candle. It's hit a strong resistance level but after a short pullback, if price breaks above resistance (around $58,400) then I see btc easily reaching a new ath; target at $63,000 but beyond that is highly possible.
Note
BTC looks like its on path to breaking ath. Break above resistance ($59,500 - $60,000) strong signal for adding to your position.
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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.