Bitcoin to $3500

Bitcoin broken the uptrend line and that is a sign for a possible bearish movement. In order for bitcoin to be back in the bullish movement, we need a break above the head of the head and shoulder on the hourly time frame. If we fail to break and close above it. We can essentially see a fall back down to the $3540 price which is right where the 61.8 Fibonacci area. A great place to buy in my opinion. I highly doubt bitcoin will go below $3000, if it does, we can see it going to $2500. Bitcoin look to be getting bullish again after the next pull down. What are your thoughts?

Trade with care.

Video Analysis: youtube.com/watch?v=5KkTUMD1AsM