MBM_Crypto

BTC Update - Will we see 54k soon?

BINANCE:BTCUSDT   Bitcoin / TetherUS
Here's a quick update on BTC 4 hr chart. As we can see BTC has been oscillating in a bigger horizontal triangle for some time now and we might see a decisive move soon. Also BTC might be forming a bigger inverse Head and shoulders pattern within the bigger horizontal triangle.

the inverse Head and shoulder shows confluence with the CME gap down at 54k. There's a high possibility that we get down to 54k for a short period of time. The most important thing is that we don't break below 54k.

If we break the horizontal Triangle to the upside, we will then have a target for The inverse head and shoulders in play which is all the way up at 68k!!!

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