On Wednesday, via the 1-hour chart, bitcoin is forming a potential inverse head and shoulders pattern around the $61,500 level. If confirmed by a breakout above $62,000, this could signal a bullish reversal. Additionally, the 4-hour chart reveals a descending channel from $65,144 to $58,456, where a breakout above the channel’s upper boundary near $62,000 […]
Source: https://news.bitcoin.com/bitcoin-technical-analysis-inverse-head-and-shoulders-pattern-suggests-bullish-reversal/
Bitcoin Technical Analysis: Inverse Head and Shoulders Pattern Suggests Bullish Reversal
