Could Friday bring a bullish turn for Bitcoin?
#Bitcoin(BTC)
- Observing the 1&4 hour timeframe, it appears that Bitcoin is shaping an inverse head and shoulders pattern. This pattern typically signals a potential trend reversal, suggesting a shift from bearish to bullish sentiment. For confirmation of this reversal, Bitcoin would need to breach the trend line, indicating a bullish momentum continuation. With these technical indicators in mind, there's anticipation for a potentially bullish day for Bitcoin come Friday.
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