AI Analysis: Bitcoin’s Inverse Head and Shoulders Pattern

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On Day 2, I used AI to analyze my Bitcoin trading ideas, focusing on an **Inverse Head and Shoulders (H&S)** pattern. The **left shoulder** formed in early June, the **head** dipped to **$50,000** in mid-July, and the **right shoulder** appeared in September. The **neckline** was around **$65,000**, and AI confirmed that a break above this level could signal a bullish reversal.

Bullish Scenario :

If Bitcoin breaks **above $65,000**, the pattern suggests an upward target of **$80,000** (based on the **$15,000** difference between the head and neckline).

Bearish Scenario :

However, if the price fails to break the neckline and reverses, key support levels to watch are **$55,000** and **$50,000**. A breakdown could invalidate the bullish signal.

Conclusion :

The **Inverse H&S** pattern indicates a possible Bitcoin rally to **$80,000** if **$65,000** is broken. However, caution is needed, as failure could push prices back down to test lower support.

Advice for Investors/Traders :

Watch the **$65,000** level closely. If broken, it may trigger a bullish run. Set stop-losses around key support areas like **$55,000** and **$50,000** for risk management.