Bitcoin
bullish reversal
Crypto
Cryptocurrency
descending channel
inverse head and shoulders
Market Trends
Markets and Prices
price movement
Technical analysis
Bitcoin Technical Analysis: Inverse Head and Shoulders Pattern Suggests Bullish Reversal
On 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…