BTCUSDT: Inverse head and Shoulder pattern!!
2024-10-05

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Let's analyse BTCUSDT on Shorter Time frame:

BTCUSDT is exhibiting a potential bullish reversal, forming an inverse head and shoulders pattern. The price is currently supported by the 50-day and 100-day Moving Averages (MAs). A breakout from this pattern could lead to a price increase above $65,000.

However, if the inverse head and shoulders pattern fails to hold, the price may experience a decline to $61,500.

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