Now that we are in the second half of the 2021 super cycle there is no stopping Bitcoin (BTC). As of the 9th of August an inverse head and shoulders pattern had began to form and now that pattern is almost complete, this could be the rocket fuel needed to propel BTC another 7-8% higher into the stratosphere.

The inverse head and shoulders pattern indicates a bullish reversal. If BTC price crosses the neck line (that is once the inverse head and shoulders pattern is complete) we are looking at another leg up by about 7-8%. If the distance between the head and neck line is measured and applied to the topside of the neck line where the break out is roughly expected to occur (as in the image below) this would put BTC price at approximately $51,800USD. The $51,800USD level is a significant zone of resistance, once it passes this level the next area of resistance will be around the $53,500USD mark.

Once passing $53,500USD zone of resistance, BTC will encounter another area of resistance at the $58,000USD level, it appears this may be the last level of resistance. Once BTC blasts through $58k there will be no stopping it (not financial advice). Tokenmetrics predict BTC will surpass $100K by the end of the 2021 supercycle.