Bitcoin going up? Inverted Head and Shoulders could be forming!steemCreated with Sketch.

in #bitcoin • 7 years ago

Here is your daily update for Bitcoin technical analysis.

Looks like Bitcoin is starting to break out of the downtrend channel on the daily timeframe. and it appears to be forming an Inverted Head and Shoulders pattern.

If we get some big Bullish candles in this area, then we can assume Bitcoin price will continue to climb and test the previous highs of 17,000 and beyond.

What do you think will happen? Leave your comment and let me know. Thanks

#cryptocurrency #btc #steem
7 years ago in #bitcoin by
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     7 years ago 

    gonna be interesting to see if we can hit 12000 but that resistance tho

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     7 years ago 

    I like your analysis dwade! Would love to see your thoughts on Monero, ETH and Dash.

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