In my opinion, BTC is going much higher from here! Slight pullbacks here and there doesn't matter when we eventually are going up!
Previously, we saw an inverse head & shoulder (H&S) pattern break to the upside, which had a target of $76k!
Currently, the price appears to have formed a larger triangle pattern and is situated at the apex of the triangle. A breakout is expected to occur within the next few days and we will likely see a more significant price movement in either direction depending on which side the breakout takes place. If the price breaks to the upside, we are targeting a price of $76k which is derived from the previous head and shoulder pattern! It is, therefore, prudent to keep an on the triangle formation!
Previously, we saw an inverse head & shoulder (H&S) pattern break to the upside, which had a target of $76k!
Currently, the price appears to have formed a larger triangle pattern and is situated at the apex of the triangle. A breakout is expected to occur within the next few days and we will likely see a more significant price movement in either direction depending on which side the breakout takes place. If the price breaks to the upside, we are targeting a price of $76k which is derived from the previous head and shoulder pattern! It is, therefore, prudent to keep an on the triangle formation!
Comment:
Broke to the downside! I'm expecting the CME gap at 63.6k to get filled!
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