BTCUSDT Projection
2024-11-13

BTCUSDT is likely forming a clear inverted head and shoulders on the smaller timeframe. As this chart pattern develops, the price could break above the neckline. However, there are two key level zones (a fibonacci cluster from the mid-timeframe) around 88K.

IF 88K breaks upwards it could lead to a new ATH, potentially around 95K. But, IF the price faces rejection, strong demand awaits around 84K, where a retest of multiple EMAs would provide good support for an upward move.

For everyone, trade carefully and wait until this movement is complete, especially with the Fed chairman scheduled to speak on the 15th, which will likely impact BTCUSDT.

TRADE AT YOUR OWN RISK.