This Breakout Is Going To Give A Good Kick Start To Bitcoin (BTC)


Hi, friends hope you are well and welcome to the new update on Bitcoin.

Inverse Head & Shoulder:

On a 4-hr time frame, the priceline has broken out the neckline of inverse Head & Shoulder pattern and now getting accumulated above the resistance line.

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Stuck under the resistance:

After breaking out the Inverse H & S Bitcoin is still stuck under the resistance of $21360. If BTC breaks out this resistance. The immediate support is at $20800.

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Key resistance and big wedge:

On the long-term, key resistance for the next big move is still $28.6k. But before the key resistance the king of all cryptocurrencies needs to also breakout the support line of big wedge, which is now working as resistance line.

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For a detailed analysis, you can watch the video.

 

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