Bitcoin has to stay in the falling wedge which it has successfully re-entered after a breakout to the downside and also the level of $41000 is a critical level to look out for, within a few days Bitcoin has to cross this level to nullify the effect of head and shoulder pattern which is formed in the las 6 months.
Also it is to be noted that when the last time Bitcoin formed a head and shoulder pattern( having a negative price target) a new high for Bitcoin was seen.
Also it is to be noted that when the last time Bitcoin formed a head and shoulder pattern( having a negative price target) a new high for Bitcoin was seen.
Comment:
Bitcoin has crossed the strong resistance area of $41000.
Possible scenario is conforming the breakout buy bouncing back from $41000 to confirm the breakout.
Possible scenario is conforming the breakout buy bouncing back from $41000 to confirm the breakout.
Important to break