We are at the crossroads right now.
If bitcoin manages to close above 10.5k it will gravitate towards the inverted H&S neckline. And with successful breakout from there it could potentially become super bearish.
On ther other hand, if we complete the right shoulder of the red H&S and close below it, we could see 7k or even 6k in play. probably to bounce off the long term supports.
If bitcoin manages to close above 10.5k it will gravitate towards the inverted H&S neckline. And with successful breakout from there it could potentially become super bearish.
On ther other hand, if we complete the right shoulder of the red H&S and close below it, we could see 7k or even 6k in play. probably to bounce off the long term supports.