BTC has been forming what looks to be a big Inverted Head and Shoulders pattern at the 0.786 PCZ of a Macro Bullish Cypher and today it tried to make a higher high but failed to maintain relative strength. Now we are in a scenario where it is quite likely that BTC will retrace from here and form what would be a Potential Right Shoulder to test $20k-$16k one last time before ripping to the upside.
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