CandleFocus Bitcoin (BTC) Flashes 'Head and Shoulders': $90,000 Incoming?
2024-09-25
Author: Content Editor
The article discusses the possibility of Bitcoin forming a Head and Shoulders pattern, which is a technical reversal pattern indicating a change in trend. If Bitcoin breaks below the neckline, it could result in a significant move higher and potentially push the cryptocurrency towards the $90,000 mark. However, Bitcoin needs to overcome resistance levels, particularly at $65,000, for this pattern to fully materialize. Failure to do so could lead to a retracement towards $60,000 or even lower. Support levels at $60,500 and $58,000 are important to monitor, and a break above $65,000 with significant volume could spark a bullish move towards $90,000.
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