đ¨ BITCOIN Below $60K AgainâShould You Be Worried? đ¨
$BTC just dipped below $60K for the first time since September 18, and bearish headlines are flooding in. But is this a reason to panic? Not quite! Hereâs why weâre still optimistic:
Higher High formed on September 27 for the first time in 6 months! đ
Higher Lows since the August 5 bottom show a solid uptrend đ
While the 1D MA50 was broken, the 1W MA50 (which held on August 5 and September 6) is still intact! đ´
Even better, BTC's current pattern resembles an Inverse Head & Shoulders, with a potential $80K target based on the 2.0 Fibonacci extension. As long as the 1W MA50 holds, this breakout scenario is very much alive!
đĽ What do you think? Are we heading for $80K? Share your thoughts!
