#Bitcoin: Learning the Rounded Top Pattern

Bitcoin needs 1 more touch to validate this rounded top structure, a breakout of the circular structure with strong volume and a confirmation of a support resistance flip can be a sign of the trend changing with backtesting giving Rounded Tops a 80% upwards breakout rate according to backtests.

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But if 9400 is not claimed its wise to consider Bitcoin bearish short term, as long as we are under this rounded structure a further sell off is possible the likely area being 8600.

See my other idea linked below for a explanation of the current consolidation range (blue zones).

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