Bitcoin is forming an inverted head&shoulder, A pump can happen!
BTC Short term Analysis
As you can see on the chart Bitcoin is creating an Inverted H&SH pattern which is a strong pattern reversing pattern.
BTC is near its bottom IMO, Bitcoin was bounced very well from a strong support zone.
Now I can see an Inverted H&SH pattern and I consider it as a positive sign for this coin.
The most important area to watch is 60000$ resistance, Breaking that zone will be so great.
Neck line has been drawn on the chart as you can see, At all I expect to see bounce from this area for Bitcoin, I think BTC will close December Monthly candle above 60000$ and even a new All Time High can be made by bulls.
As you can see on the chart Bitcoin is creating an Inverted H&SH pattern which is a strong pattern reversing pattern.
BTC is near its bottom IMO, Bitcoin was bounced very well from a strong support zone.
Now I can see an Inverted H&SH pattern and I consider it as a positive sign for this coin.
The most important area to watch is 60000$ resistance, Breaking that zone will be so great.
Neck line has been drawn on the chart as you can see, At all I expect to see bounce from this area for Bitcoin, I think BTC will close December Monthly candle above 60000$ and even a new All Time High can be made by bulls.