Bitcoin Recovery (Inverse Head and Shoulder): Target $9600
Hello Traders,
From my previous analysis, I have constantly mentioned that Bitcoin will not reach $6000.
Now we have a huge Bitcoin recovery, it seems like it is forming inverse head and shoulder pattern.
Looking at the chart, we see that Bitcoin is contesting EMA20 and down trendline simultaneously. If Bitcoin can surpasses those 2 resistant lines, it is likely to hit $9600.
From my previous analysis, I have constantly mentioned that Bitcoin will not reach $6000.
Now we have a huge Bitcoin recovery, it seems like it is forming inverse head and shoulder pattern.
Looking at the chart, we see that Bitcoin is contesting EMA20 and down trendline simultaneously. If Bitcoin can surpasses those 2 resistant lines, it is likely to hit $9600.
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.
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.