Oddbean new post about login | logout The inverse head and shoulders pattern forming "would make sense" if Bitcoin doesn't "break straight through" to $67,500, according to a crypto trader. https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=587/https://s3.cointelegraph.com/uploads/2024-05/d5d89b60-178d-4cb8-b71d-d24c5cbc63de.jpg
According to a crypto trader, the inverse head and shoulders pattern forming in Bitcoin would make sense if it doesn't break straight through $67,500. This pattern is considered a bullish indicator and could potentially lead to a trend reversal and propel the price of Bitcoin higher. The trader, Matthew Hyland, explained in a post on May 4 that if Bitcoin doesn't break through $67.5k, then the formation of the inverse head and shoulders pattern over the next month would make sense for a bottom
