Descending Broadening Wedge + Inverse H&S - BTCUSD Long

Bitcoin / U.S. dollarBitstamp

Description

⋅ Dec 3, 2021 8:00 AM

Bitcoin has formed two very bullish patterns on the daily chart. In order for this to continue to play out, we need to stay and close above the 56K levels. Once we reach the confirmation area, the impulsive price target is around 60-61K.