From TradingView · · 40s
Bitcoin Head and Shoulders Pattern
Bitcoin may form head and shoulders pattern as it tests $77K-$79K range.
In brief
Bitcoin may form head and shoulders pattern as it tests $77K-$79K range. Bitcoin could form head and shoulders pattern testing $77K-$79K before potential rise to $81K-$82K. Originally reported by TradingView.
Bitcoin Corrective Pattern
Bitcoin shows corrective pattern after recent price movement.
Potential Head and Shoulders Pattern
Bitcoin may form head and shoulders pattern testing $77k-$79k range.
Price Target Analysis
After testing $77k-$79k range, Bitcoin could rise to $81k-$82k area.
Support Level Analysis
Decline could extend to $73k 200-day SMA or $71k 50% fibonacci retracement.
What to remember
Bitcoin could form head and shoulders pattern testing $77K-$79K before potential rise to $81K-$82K.
