With BTC correcting itself over the past few days we have seen the 60k support broken today.
It is yet to be seen if 60k will be retested as resistance but we are now back where we were around the 15th-16th before the big push to ATH
The chart is incredibly similar just in reverse and this could even be seen as a large head and shoulders, which if valid would potentially see us back at 51k.
This combined with the weekly Pin Bar candle should see us pull back more before making another surge towards ATH.
56k (red box) is the immediate target IF 60k acts as resistance but the pin bar target is in fact 39k!!!
I do not expect this to be hit but we could see a deeper correction to 51k due to the head and shoulders.
It is yet to be seen if 60k will be retested as resistance but we are now back where we were around the 15th-16th before the big push to ATH
The chart is incredibly similar just in reverse and this could even be seen as a large head and shoulders, which if valid would potentially see us back at 51k.
This combined with the weekly Pin Bar candle should see us pull back more before making another surge towards ATH.
56k (red box) is the immediate target IF 60k acts as resistance but the pin bar target is in fact 39k!!!
I do not expect this to be hit but we could see a deeper correction to 51k due to the head and shoulders.
