Bitcoin's Path Toward $65k After Key Resistance Break-high risk
2024-09-21

hello guys.

as I said before:



 Head and Shoulders pattern completed:  A clear inverse head and shoulders pattern has formed, signaling a bullish reversal. The breakout above the neckline confirms this bullish structure.

 Breakout confirmed:  Bitcoin broke past the previous resistance at $62,300, which now acts as a strong support level. The price retested this zone, reinforcing the breakout.

 Upward momentum:  The trend shows higher highs and higher lows, suggesting continued bullish momentum in the short term.

 Next target at $65,000:  The next major resistance is around $65,000, which could serve as a key psychological barrier.

 Potential consolidation:  A consolidation or retest of the $62,300 level is possible before a move higher.

 High risk:  Despite the bullish structure, the risk of this position is extremely high. The market remains volatile, and failure to maintain the $62,300 support could lead to sharp declines. Traders should exercise caution.

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