BTCUSD Perpetual Contract
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$BTC Bitcoin Update: Head and Shoulder Pattern!

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BTC Bitcoin price is forming an inverse head and shoulder pattern!
Current Price: $69800

Major neckline resistance around $71,500
More precisely between 71500 - 73000

If BITCOIN is going to move to higher prices then price action needs to break neckline resistance to make for price discovery up to 84k. Up resistances: 76400, 79200, 82200, 84600. This will cause altcoins to rally for higher prices.

Else if #Btc continues to reject $71500, then expect retest of previous supports at 67000, & 64300. Consequently altcoins will further lose in value.
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BTC is heading towards the 67k level...
If #btc cannot find support around 67k then expect lower prices!
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A daily close below 67k price action will only go lower!
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$BTC. still maintaining the 67k support level
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67K support broken! its down from here, Supports...64300, 60600, 57900
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64300 hit!
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BTC price action has committed a lower low at 64300.. This is a change in trend!
Price needs to stay supported for 64300 else next support layer around 60k will be tested.

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