BTC - Head & Shoulders pattern forming!

Here's a quick look at BTC 30 min. chart. Upon observation of the price chart, it appears that a head and shoulders formation has materialized, indicating the potential for a downward move if the neckline is breached. The neckline is currently positioned at 29.8k, and it is prudent to monitor this level closely in the event of a break below it, which could trigger a move down to the support zone.

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Comment:

It broke down quick! Watch the Support Zone

Comment:

This neckline zone is better to watch than the neckline level. A breach of this zone would definitely put it down to 29k!