New Alltimehigh: Bitcoin breaking out of the inverse H&S

13 Nis 2021

Hello everyone, this is another update of my previous Bitcoin analysis. The price broke out of the inverse Head & Shoulders structure (in this situation as an continuation pattern) and is currently marking a new Alltimehigh at $63.000. We reached our first target at the Previous High ($62.500) and we are now aiming towards the trend resistance, the Fibonacci Trend Extension and a higher high on the momentum indicators.
Therefore i'm expecting the $66.000 area within the next days.

Cheers,
Ares

Apr 10 - The price broke the neckline of the inverse H&S pattern and retested the previous resistance afterwards

Apr 5 - We recently saw the price moving in a Bull-Flag and spotted a breakout here as well

Mar 29 - First change of structure