Inverse Head & Shoulder pattern could bring BTC to 70k

7 May 2021

Bitcoin has continued to make higher lows and higher highs suggesting that the bull market trend is still in play... After the lastest high we had a correction but it now appears that btc is completing an Inverse Head & Shoulder pattern marking the bottom and possible end to the sideways consolidation period. If we breakout above 59k again at the neckline the target for this structure is around 70k.