Bitcoin (BTCUSD) is in the process of completing a peculiar Inverse Head and Shoulders (IH&S) pattern on a bullish slope. This has historically been extremely bullish for BTC. For reference, we post the most recent such formation (June - August 2021) and the whole 2017 Parabolic Rise which contained 5 similar patterns. The technical target is the 2.0 Fibonacci extension, currently a little over $38000.
Do you think that's BTC's immediate target? Feel free to let us know in the comments section below!
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