Rogez

Inverse Head & Shoulder Breakout

شراء
BYBIT:BTCUSDT   BTCUSDT SPOT
An Inverse head and shoulders has been forming showing the technical price target of $63.8K. We seem to have broken the neckline which was strong resistance but we still haven't seen a decent increase in volume to confirm the breakout. The RSI and MACD looking bullish as we aren't approaching any sort of resistance on these indicators yet. We could see the price back to $65k relatively soon touching the 1 fibonacci retracement level, which could possibly fail to act as resistance which we'd see a further bullish breakout.
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