BTC Daily Time Frame H&S Price Target ~54,500

13 oct.

I see a head and shoulders pattern has formed on the daily and 12 hour time frames with a down side target around 54,500 USD. This is a short term Bearish outlook that I believe could play out over the next 24-48 hours or less. There are potential moves to the upside, but I’m leaning toward this playing out. There are many longs that could be taken out, while the shorts flip providing major upside moves. Not financial advice. DYOR.