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BTC: Massive Inverse H&S + Break Above 200MA + Golden Cross
Bitcoin has formed a massive inverse head & shoulders pattern between the accumulation phases from May through August. Price has recently broken above the neckline at around 42K.
Today, Bitcoin has broken above the 200MA and had a full daily candle close above it. I'd expect the Golden Cross to happen within the next few weeks. Keep in mind, Death Crosses and Golden Crosses are lagging indicators.
Next major psychological resistance within the next few weeks: 50K+ (expect some dips before reaching this target)
This is not financial advice. These are just my ideas and opinions.
Today, Bitcoin has broken above the 200MA and had a full daily candle close above it. I'd expect the Golden Cross to happen within the next few weeks. Keep in mind, Death Crosses and Golden Crosses are lagging indicators.
Next major psychological resistance within the next few weeks: 50K+ (expect some dips before reaching this target)
This is not financial advice. These are just my ideas and opinions.
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