Welcome to this short BTC update everyone.
BTC broke out of the channel as well as an inverse head and shoulders pattern.
The neckline is holding since the last few candles closed above it.
BTC if holds this 58k level which seems likely the price must rally towards 61k level.
Failing to do so will take BTC all the way to 53.5k to 54.7k area.
So be careful with your leverage trades.
I am long in BTC and accumulating at lower levels with very low (3x) leverage.
What do you think of this chart?
Do share your views and do not forget to hit the like button.
Stay tuned