lienhard

Bitcoin could reach $17k in a month

Long
Sometimes inverting a chart helps to see patterns more clearly.

I've inverted the BTCUSD daily chart, and the head-and-shoulders pattern becomes more visible.

Does this chart look bearish? Indeed it does, which is bullish for bitcoin.

The neckline is at $12k. A sustained break above this level has a target price of $17k.

It would likely take a month for this pattern to play out, which is around May 1st.

On the downside, we'll want to continue watching the $9k level which is the top of each shoulder.


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.