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Bitcoin Technical Analysis: Inverse Head and Shoulders Pattern Suggests Bullish Reversal

by SB Crypto Guru News
June 26, 2024
in Bitcoin
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Bitcoin Technical Analysis: Inverse Head and Shoulders Pattern Suggests Bullish ReversalOn Wednesday, via the 1-hour chart, bitcoin is forming a potential inverse head and shoulders pattern around the $61,500 level. If confirmed by a breakout above $62,000, this could signal a bullish reversal. Additionally, the 4-hour chart reveals a descending channel from $65,144 to $58,456, where a breakout above the channel’s upper boundary near $62,000 […]



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Tags: AnalysisBitcoinBitcoin NewsBullishCrypto NewsCrypto UpdatesInverseLatest News on CryptoPatternReversalSB Crypto Guru NewsShouldersSuggestsTechnical
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