Will Bitcoin's most recent downtrend be short lived?

in #bitcoin6 years ago

It's possible this most recent downtrend in bitcoin will be short lived, but it needs to hold up here.

Possible inverse head and shoulder forming on the daily chart:

It needs to break that $6,800 neckline to signal that the inverse head and shoulder pattern is valid and in play.

Prices also need to hold up right around current levels for the pattern to play out.

A break of $6k would invalidate the pattern.

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BTC is headed North!!!!! I hope 😬🤑🧐

Some day, maybe.

To the question in your title, my Magic 8-Ball says:

Yes definitely

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Glad you agree.

@jondoe I think it can easily break $6k but need time. What You say?

$6k to the downside?

@jondoe more articles will be?

Not sure what you are asking?

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