Forexintelligence_NA

Bitcoin inverse head and shoulders pattern? Look for buys!

Long
BITSTAMP:BTCUSD   Bitcoin
Bitcoin just hit 20K. Look what is happening here.

It looks like BTC is creating an inverse head and shoulders pattern on lower timeframe. If the 20k zone won't be tested at this point then we can expect BTC to rise and eventually break above the neckline. If this happen we can expect BTC to rise and 27k would be an easy target.

What do you think? Can we expect BTC to continue going lower from here? If you have any thought please share in the comment section below.

I forecasted this before

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