BTC has performed well the first half of 2023, topping out around 31K, since then we have seen a correction that has crypto twitter rumbling about lower lows.
In my opinion BTC is in its decision point, if wether or not the H&S plays out , or if it painted to trap shorts and squeeze us above our recent high. One things for sure is the majority are bearish and a squeeze would take most by surprise. However the chart seems to be breaking down day by day.
I'm neutral & Observing the neckline.
Many possibilities. Just some food for thought.
In my opinion BTC is in its decision point, if wether or not the H&S plays out , or if it painted to trap shorts and squeeze us above our recent high. One things for sure is the majority are bearish and a squeeze would take most by surprise. However the chart seems to be breaking down day by day.
I'm neutral & Observing the neckline.
Many possibilities. Just some food for thought.
