Bitcoin's long-term curved channel is broken with last week's candle !!!
The head and shoulders pattern is likely to form at the end of the downtrend in the 4-hour timeframe, in which case Bitcoin will be above the $ 23,823 price range. It can even increase up to $ 30,000 and $ 31,000.
From this range onwards, there is room for discussion!
Can Bitcoin increase up to the specified yellow limits by withdrawing orders in the $ 18,000 range, or does it need orders in the $ 11,000 range to increase the price ($ 44,000 - $ 63,000) ????
The head and shoulders pattern is likely to form at the end of the downtrend in the 4-hour timeframe, in which case Bitcoin will be above the $ 23,823 price range. It can even increase up to $ 30,000 and $ 31,000.
From this range onwards, there is room for discussion!
Can Bitcoin increase up to the specified yellow limits by withdrawing orders in the $ 18,000 range, or does it need orders in the $ 11,000 range to increase the price ($ 44,000 - $ 63,000) ????
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