I am still strongly bearish....

However, I thought it wouldn't hurt me if I interspersed my bearish forecasts with some bullish ones (for balance).

I drew an inverted head-and-shoulders formation on the weekly chart.

As you can see, bitcoin is having trouble breaking through the neckline. However, if the price jumps it (and stays above it), it will be a very strong bullish signal.

Nevertheless, I personally don't think this will happen (see my other bearish analyses).

This is not financial advice.