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.
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.
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.
For a detailed analysis, you can watch the video.
For the best trading deals/bonuses you can signup to Bitget using the link as below:
