BTC/USD Potential Inverse Head and Shoulders Analysis
These upcoming few months are vital to the bulls for BTC.
We would like to see the completion of the Inverse Head
and Shoulders back to the neckline after a dip ranging
between ~$8,200 down to ~$7,800.
A 4hr close above the neckline would continue to be bullish.
Then we would expect some resistance at ~$10,946 pushing
us back to retest the IHS neckline as support before moving
toward our IHS price target (difference between bottom of
IHS and neckline, added to the price at neckline) of ~$14,285
We would like to see the completion of the Inverse Head
and Shoulders back to the neckline after a dip ranging
between ~$8,200 down to ~$7,800.
A 4hr close above the neckline would continue to be bullish.
Then we would expect some resistance at ~$10,946 pushing
us back to retest the IHS neckline as support before moving
toward our IHS price target (difference between bottom of
IHS and neckline, added to the price at neckline) of ~$14,285
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