Bitcoin possible inverse head and shoulders reversal
Price analysis
Bitcoin broke out of the support line and landed in the first support zone. This isn't too worrying for me because we needed a correction for longer timeframe indicators to turn away from a top signal like the RSI. I think it is possible we drop some lower to the 48k region but this isn't certain if so I think we could form an inverse head and shoulders pattern. This drop would bring the Fear and Greed index that's at fear right now to extreme fear. This is a good time to accumulate some more Bitcoin for the next leg up of this bull run
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