🔥 Bitcoin Inverse Head & Shoulders: Back To All Time Highs!

10 May 2024

Bitcoin has been trading fairly neutral over the month or so. In the process, an inverse head & shoulders has been formed. This is classically a bullish reversal pattern.

In my eyes, this could be the definitive pattern to shoot BTC back towards the ATH around 73.5k, potentially even making a new ATH.

Note: the pattern has not been confirmed yet, so wait for the price to break through the neckline for the pattern to be confirmed.

Share your thoughts 🙏

10 May 2024

Not

And just like that BTC drops 5%. There's still a reversal possibility around 59.6k, but seems like the trade will not be activated. Will monitor.