Bitcoin formed an inverted head and shoulders pattern on H4 view.
Usually, it is considered as bullish in 50% of cases as patterns work better on daily view.
My target is 74K, however we performed 6 months of bullmarket in a row, which never happened since 2012.
7 months never happened since 2011.
We could also see a retracement this month but we have more liquidity with institutional investors and higher market capitalization with more billionaires in the game.
Usually, it is considered as bullish in 50% of cases as patterns work better on daily view.
My target is 74K, however we performed 6 months of bullmarket in a row, which never happened since 2012.
7 months never happened since 2011.
We could also see a retracement this month but we have more liquidity with institutional investors and higher market capitalization with more billionaires in the game.