BTC/USD Inverse Head and Shoulders, target at 72.000+ USD
Bitcoin has created a very nice 'Head and Shoulders' chart pattern. If this chart pattern's measured move is hit, price-action will have found its way above 72.000 USD.
While not visible on this timeframe, the daily MACD has just regained its positive momentum. This could be an indication that the bulls are just getting started, and the remaining supply at the old all-time high level will soon be absorbed. This would then let BTC/USD enter price-discovery again!
If you liked my analysis, check my daily crypto analyses at http://www.onepip.io, it would be highly appreciated!
While not visible on this timeframe, the daily MACD has just regained its positive momentum. This could be an indication that the bulls are just getting started, and the remaining supply at the old all-time high level will soon be absorbed. This would then let BTC/USD enter price-discovery again!
If you liked my analysis, check my daily crypto analyses at http://www.onepip.io, it would be highly appreciated!