BITCOIN Break down analysis. See which levels to watch!
Bitcoin has been very volatile lately after the parabolic rise made a stop. 4H is trading on an Inverse Head and Shoulders pattern and its neckline has just been marginally crossed.
This is an early bearish signal as it brings BTC face to face with a pivotal Support, the 7600 level. This is were many major Support levels cross paths creating a strong Support Zone. If breached expect to test the 6870 - 7000 1D Support soon.
Useful related material:
This is an early bearish signal as it brings BTC face to face with a pivotal Support, the 7600 level. This is were many major Support levels cross paths creating a strong Support Zone. If breached expect to test the 6870 - 7000 1D Support soon.
Useful related material:
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