Goodbye to Head and Shoulders Pattern for Bitcoin
There has been a developing Head and Shoulders Pattern for Bitcoin / Dollar forming since the highs on the 17th December. The Head and Shoulders Pattern is a trend reversal. Bitcoin has now broken out of the right shoulder and has hit resistance at the 14800-15000 area with good buying volume so looking very bullish for Bitcoin. It should next attempt the 16500 area and then onwards to new highs. Bull trend continues!
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