We can see that BITCOIN is possibly forming an inverse HS on the chart. After the pullback to 41k USD level, I am exepecting a retest of 52k USD (61.8% Fib). From 52k USD I believe we can see a retracement and shape a right shoulder of an inverse HS, and therefore a reversal pattern.
We can mention that the bearish blue resistance was broken, giving birth to a bull trend.
RSI is ready to cross the middle line in daily time frame.
We can mention that the bearish blue resistance was broken, giving birth to a bull trend.
RSI is ready to cross the middle line in daily time frame.
We have a parallel channel that can take the price to 52k USD