BTC in an Inverse Head and Shoulder Pattern

BTC in an Inverse Head and Shoulder Pattern

During the previous weeks, BTC went as low as 56.6K.
The price found a strong support zone and reawakened again the bull's interest.

Currently, BTC has completed an Inverse Head & Shoulders pattern showing temporary strength.


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Comment:

Trade closed: target reached:

Trade closed: target reached:

Comment:

#BTC - update
🎯Target Reached

After all the major instruments moved against the USD we saw also BTC growing and making this move in a very aggressive way.

The price can make also a new high but it is not worth to keep it longer as all as created a big bullish move.
From this moment BTC can develop in many ways and a bit risky.

However it is still dominated by a bullish volume.

Why did this move happen in this aggressive way...that is my question?
At first the indices increased, then silver and gold and now also BTC and ETH😂
This is only manipulation and has nothing to do with rate cuts or anything else.

Who or why it is happening this is another topic as we will never find the truth...only fake information will be around the internet.

This is only my personal opinion:)