Bitcoin is finally showing some bullish signs again. After testing the 3k area and the decent bounce bitcoin showed, we are now moving in what is a potential inverse shs pattern. I have seen this before with bitcoin and it is a very bullish pattern. It could push the price up to test queen trend line again but this time as a resistance. That would be around the price are at 5k.
This is only possible if we don't continue dropping now and if we stay above the 3.5k support. That would be the max for this downmovent.
This is only possible if we don't continue dropping now and if we stay above the 3.5k support. That would be the max for this downmovent.