Bitcoin has surpassed the $87,500 mark and has also broken through the key level of $90,000. As noted, the Inverse Head and Shoulders (IH&S) pattern has acted as a reversal signal. The market currently appears strong, as the price increase is supported by healthy trading volume. The next significant resistance level to watch for is $95,000, and it will be interesting to see how the price behaves at that point.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.