$BTC forms Head & Shoulder BUT has chance to rally huge
BTC
must begin to break above this area in order to annul the ominous head & shoulder pattern that it is forming. RSI looks pretty healthy at the moment.
Volume has been heavier than recent with slight buy bias.
CMF = $ Flow looks mediocre. However, there's a small increase.
Weekly, #BTC has not closed above 31100 for all of 2023. A close above could cause shorts to cover and fuel to rally more.
#Bitcoin