BrettFogle

BTC Inverse Head and Shoulders or Breakdown?

Short
COINBASE:BTCUSD   Bitcoin
In this video I cover Two opposing scenarios where on the ond hand, we're seeing a potential inverse Head and Shoulders on Bitcoin.

However, this looks weak to me and with the push higher on the DXY toward the 104 level, I suspect Bitcoin does drop lower and at least test the $38k support range near-term.

And then I think there's a strong argument that we'll even test the important $32k strong support / resistance leve which has not been tested as support yet.

What do you think?

23-year investor, trader, and early investor in Bitcoin & crypto.

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