Bitcoin Technical Analysis: Inverse Head and Shoulders Pattern Suggests Bullish Reversal

On Wednesday, via the 1-hour chart, bitcoin is forming a imaginable inverse caput and shoulders signifier astir the $61,500 level. If confirmed by a breakout supra $62,000, this could awesome a bullish reversal. Additionally, the 4-hour illustration reveals a descending transmission from $65,144 to $58,456, wherever a breakout supra the channel’s precocious bound adjacent $62,000 […]