Certainly❗ Let’s dive into some #BTC☀ technical analysis. 📊🔍

1. Inverted Head-and-Shoulders Pattern:

#bitcoin☀️ ($BTC) is currently forming an inverted head-and-shoulders pattern on the daily chart.

This bullish pattern typically indicates a potential trend reversal from bearish to bullish.

The pattern consists of three parts: a left shoulder, a head, and a right shoulder.

A breakout above the neckline (around $72,000) would confirm the pattern and signal further upside.

2. Key Levels to Watch:

Resistance: $72,000 (neckline)

Support: $65,000 (previous resistance turned support)

3. Momentum Indicators:

Relative Strength Index (RSI): Currently in the neutral zone (around 50). A move above 60 would be bullish.

Moving Average Convergence Divergence (MACD): Bullish crossover on the daily chart.

4. Potential Targets:

If the inverted head-and-shoulders pattern plays out:

Target 1: $83,000 (measured move based on pattern height)

Target 2: $90,000 (psychological level)

Remember, crypto markets can be volatile, so always use proper risk management. 🚀💰

#Btc #BinanceTournament #ETH🔥🔥🔥🔥

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