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Bitcoin Technical Analysis: Inverse Head and Shoulders Pattern Suggests Bullish Reversal
26.6.2024
On Wednesday, via the 1-hour chart, bitcoin is forming a potential inverse head and shoulders pattern around the $61,500 level. If confirmed by a breakout above $62,000, this could signal a bullish reversal. Additionally, the 4-hour chart reveals a descending channel from $65,144 to $58,456, where...
Bitcoin will 'propel the next leg up' if key trading pattern confirms — Traders
5.5.2024
The inverse head and shoulders pattern forming "would make sense" if Bitcoin doesn't "break straight through" to $67,500, according to a crypto analyst
Bitcoin Chalks Out 'Head and Shoulders' Pattern Ahead of U.S. Nonfarm Payrolls: Valkyrie Investments
5.5.2023
Although not classically meeting the textbook criteria of a head and shoulders, price action since March 19 has painted an extreme high with flanking lower highs, Valkyrie's analysts said
Bearish head and shoulders pattern forces Ethereum traders to re-adjust their price targets
20.5.2022
Traders say Ethereum needs a monthly close above $2,250 to regain bullish momentum, but a bearish technical analysis pattern on the weekly timeframe threatens to push ETH price to new lows first
Terra (LUNA) at risk of 50% drop if bearish head and shoulders pattern plays out
28.1.2022
LUNA price is at risk of further downside, but analysts point to a possible rebound as the altcoin tests a reliable, multi-month moving average as support
REN price at risk of 50% drop after a bearish trading pattern shows up
5.1.2022
Nonetheless, the long-term technical setup and strengthening protocol metrics indicate bullish continuation