Hey everyone!
I've been on TradingView for a while, but this is my first post — so go easy on me 😄
I'll keep it short and straight to the point.
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A head and shoulders pattern is forming on the global Bitcoin chart
The pattern is not yet fully formed, and it is difficult to draw any conclusions, but what has already formed may indicate the implementation of this pattern, which we may see in the near future, which means that an upward movement is possible, before the head is formed
Current price: $118k
With this pattern, there is a low probability of a price breakout to $103.4k
The head of the pattern may be at $124k or $129k, provided there is no strong positive news background from the US government regarding Bitcoin
This analysis is based on the technical pattern [head and shoulders] and also incorporates AI to provide more accurate results.
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I'd be happy to hear your thoughts, feedback, or any constructive criticism in the comments!
I've been on TradingView for a while, but this is my first post — so go easy on me 😄
I'll keep it short and straight to the point.
---
A head and shoulders pattern is forming on the global Bitcoin chart
The pattern is not yet fully formed, and it is difficult to draw any conclusions, but what has already formed may indicate the implementation of this pattern, which we may see in the near future, which means that an upward movement is possible, before the head is formed
Current price: $118k
With this pattern, there is a low probability of a price breakout to $103.4k
The head of the pattern may be at $124k or $129k, provided there is no strong positive news background from the US government regarding Bitcoin
This analysis is based on the technical pattern [head and shoulders] and also incorporates AI to provide more accurate results.
---
I'd be happy to hear your thoughts, feedback, or any constructive criticism in the comments!
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