$BTC Bitcoin Update: Head and Shoulder Pattern!

9 thg 6

BTC Bitcoin price is forming an inverse head and shoulder pattern!
Current Price: $69800

Major neckline resistance around $71,500
More precisely between 71500 - 73000

If BITCOIN is going to move to higher prices then price action needs to break neckline resistance to make for price discovery up to 84k. Up resistances: 76400, 79200, 82200, 84600. This will cause altcoins to rally for higher prices.

Else if #Btc continues to reject $71500, then expect retest of previous supports at 67000, & 64300. Consequently altcoins will further lose in value.

11 thg 6

Ghi chú

BTC is heading towards the 67k level...
If #btc cannot find support around 67k then expect lower prices!

11 thg 6

Ghi chú

A daily close below 67k price action will only go lower!

14 thg 6

Ghi chú

BTC. still maintaining the 67k support level

14 thg 6

Ghi chú

67K support broken! its down from here, Supports...64300, 60600, 57900

18 thg 6

Ghi chú

64300 hit!

18 thg 6

Ghi chú

BTC price action has committed a lower low at 64300.. This is a change in trend!
Price needs to stay supported for 64300 else next support layer around 60k will be tested.