Bitcoin, Initial Head-Shoulder-Formation, Upcoming Perspectives!

Hi,

Welcome to this analysis about Bitcoin, we are looking at the 45-minute timeframe perspectives. Bitcoin on the more global perspectives is still in this main decision-zone where it has a higher possibility for upside-breakout testing remaining upper resistances. Now on the local perspectives, I discovered this interesting inverse head-and-shoulder-formation marked with the neckline in blue. When Bitcoin manages to hold the structure above the dynamic-support-zone marked in orange and finally breaks out above the neckline to close there as it is shown in my chart, this will be the setup for the further continuations to the upside and approaching of the head-and-shoulder-targets marked in my chart in blue at the 38360 levels from where the situation needs to be elevated anew and if Bitcoin manages to continue further bullishly or firstly shows up with a reversal which is not unlikely in this case, it will be an important determination ahead.

In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"Good luck is when opportunity meets preparation."

Information provided is only educational and should not be used to take action in the market.