Textbook inverse head and shoulders on BTC (4hr). Targeting around $67K. You can spot a classic inverse head and shoulders pattern here, which often signals a trend reversal.
(Up-date: Tether Corp mints $1 billion USDT)
Here's the breakdown on the head and shoulders.
Left Shoulder: Price drops to around $56,078 before bouncing back.
Head: A deeper dip to about $55,000, followed by a recovery.
Right Shoulder: Another drop to $57,787 before climbing again.
The key level, or neckline, is at $61,858. Now that BTC has broken above it (sitting at $60,765), it usually means the downtrend is over, and we could see prices heading up.
In other words, this pattern suggests the bulls are back in control! đ
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