CryptoPatel

Bitcoin Inverted Head & Shoulder Pattern

COINBASE:BTCUSD   Bitcoin
#Bitcoin Inverse H&S Spotted

▪️ BTC Inverted H&S potential building
▪️ Clear breakout level to watch
▪️ Attractive upside targets if triggered
▪️ No confirmation yet, so caution is still advised

While traders are buzzing about a potential inverted head and shoulders forming on the BTC charts, caution is still warranted until we get CONFIRMATION.
The breakout point to watch is $43,700 - only a decisive 4 Hour CLOSE above that level would trigger the bullish pattern targeting:
▫️ 1st Target: $47,090
▫️ 2nd Target: $49,225


CRUCIAL: Below the neckline at $43700 Bitcoin remains Bearish territory.

Disciplined traders will await a confirmed breakout before getting too bullish here!
Patience pays with chart patterns.

Penafian

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