BTC 1h chart possible scenarios
On the short term, BTC shows a completed inverse H&S pattern that gave the price action enough momentum to pierce through the cloud dynamic resistance (edge to edge). The price, however, is in a rising wedge pattern and could test the short term support at 7,1k USD soon.
The arrows describe two possible (bullish/bearish) scenarios that are likely to happen if the price retest the 7,1k USD support.
The arrows describe two possible (bullish/bearish) scenarios that are likely to happen if the price retest the 7,1k USD support.
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