In the previous chart, I was having a more bearish outlook on BTC as we broke the weekly 30 MA and tested the support of the parabolic trend. Now, we have a more positive outlook on the short term side, with BTC forming an inverse H&S and a possible break out from the 0.786 fib levels and breakout from the cloud. We could see BTC testing the resistance at 11.1k.
Comment:
BTC completed the inverse head and shoulders pattern and now broke out of the resistance. BTC is getting more bullish by the day.