$BTC sideways price action may look boring on the surface, but I wouldn’t mistake consolidation for weakness. While short-term traders are rotating into more volatile plays, $BTC appears to be quietly building a setup worth watching.
At around $64,600, with just a 0.11% dip over the last 24 hours, $BTC is carving out what could develop into an inverse head-and-shoulders pattern on the daily chart.
If the structure plays out, this could become an important setup for bulls.
#BTC Price Analysis# #Macro Insights#
At around $64,600, with just a 0.11% dip over the last 24 hours, $BTC is carving out what could develop into an inverse head-and-shoulders pattern on the daily chart.
If the structure plays out, this could become an important setup for bulls.
#BTC Price Analysis# #Macro Insights#