BLX TA Update
Bitcoin finished it strong after regaining back above the 200W MA today and trading above the last trendline of support.
There is still hope for the bulls, as long as the price action will remain above the bearish territory within 3-4 weeks,
there is a chance this potential head of the Inverse H&S pattern will get the opportunity
to become a reality if and only if Bitcoin climbs above 7k next month.
Bearish side, if BTC closes below 4k and finds the 200W MA as resistance.
This will invalidate all bullish cases for BTC for a longer period.
Bitcoin finished it strong after regaining back above the 200W MA today and trading above the last trendline of support.
There is still hope for the bulls, as long as the price action will remain above the bearish territory within 3-4 weeks,
there is a chance this potential head of the Inverse H&S pattern will get the opportunity
to become a reality if and only if Bitcoin climbs above 7k next month.
Bearish side, if BTC closes below 4k and finds the 200W MA as resistance.
This will invalidate all bullish cases for BTC for a longer period.
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