Bitcoin bearish Head and Shoulders formation!

18 thg 12, 2021

As promised, here’s an update on Bitcoin. support of $47,500 broke and its slightly under the 200 day now, getting a little bearish. Looking more likely we touch 40,000 to begin the head and shoulders formation. If it drops to 40,000 then get ready to buy that dip and ride it up to $52,000 and take profit there to see if it can break that resistance. It is clearly a head and shoulders formation playing out right now.

I will update if anything changes, this is most current reading.

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