On 4h Timeframe, Bitcoin is forming a head and shoulders pattern with the neckline on around $60,000 (which is a strong weekly support) and the target is another major weekly/daily support of around $52900.
In short, $60,000 is important level. If we close below this level and have a successful bearish retest, this Head and Shoulders pattern can come into play.
Muneeb
In short, $60,000 is important level. If we close below this level and have a successful bearish retest, this Head and Shoulders pattern can come into play.
Muneeb
