Bitcoin forms Inverse head-and-shoulders pattern
Bitcoin has formed an inverse head-and-shoulders pattern on this chart, and it has already broken the level. The yellow trend lines indicate bearish divergence, but if Bitcoin manages to break this divergence, we could see further upside momentum, potentially reaching $72,000. There is a good chance that Bitcoin will overcome the divergence and continue its upward trajectory.
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.