$BTC BREAKS TWO-MONTH DAILY DOWNTREND â WHAT COMES NEXT? đ„
Bitcoin just cleared the daily downtrend line that has held since early June. This is the first structural shift in over eight weeks. Price is now approaching the $64,500â$65,500 resistance zone, where a confirmed break would complete an inverse head-and-shoulders pattern on the 4H chart.
Volume has dried up during the recent consolidation, suggesting sellers are losing conviction. The measured move target from the neckline projects a run toward $68,000 if this resistance flips support. Are you watching this zone for a confirmatory close?
Not financial advice. Always manage your risk.
#BTC #Breakout #InverseHeadAndShoulders #Crypto
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Bitcoin just cleared the daily downtrend line that has held since early June. This is the first structural shift in over eight weeks. Price is now approaching the $64,500â$65,500 resistance zone, where a confirmed break would complete an inverse head-and-shoulders pattern on the 4H chart.
Volume has dried up during the recent consolidation, suggesting sellers are losing conviction. The measured move target from the neckline projects a run toward $68,000 if this resistance flips support. Are you watching this zone for a confirmatory close?
Not financial advice. Always manage your risk.
#BTC #Breakout #InverseHeadAndShoulders #Crypto
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