Bitcoin Dumped Below $21k But What Is The Price Target?
We hoped it will not happen but it did - Bitcoin dumped and continues to dump lower, all due to fears of upcoming interest rate hike!
Looking at the chart, we can expect Bitcoin to dump to the support level of $18,000
From there we could expect a reversal for a reverse head and shoulders pattern!
What is a reverse head and shoulders pattern?
In a few words - Head and shoulders but up side down!
It is bullish pattern with a juicy price target of $30k
But, lets don't get ahead of ourselves and let’s see what happens!
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