In last week’s Bitcoin idea, I highlighted a key technical setup: price retested the neckline of a massive inverted Head & Shoulders pattern and launched a strong move upward. Let’s dive into what’s unfolding on the daily chart.
We’re seeing classic Wyckoff consolidation behavior—appearing right before the breakout and again after the neckline retest. Multiple smaller Head & Shoulders patterns have also formed and hit their targets cleanly.
The Volunacci pattern came alive after a precise bounce from the Golden Zone, adding more fuel to the bullish narrative.
Next major level in focus: $120K. Will Bitcoin reach it? Let the market decide.
We’re seeing classic Wyckoff consolidation behavior—appearing right before the breakout and again after the neckline retest. Multiple smaller Head & Shoulders patterns have also formed and hit their targets cleanly.
The Volunacci pattern came alive after a precise bounce from the Golden Zone, adding more fuel to the bullish narrative.
Next major level in focus: $120K. Will Bitcoin reach it? Let the market decide.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.