Bitcoin Head and Shoulders confirmed, with a slight adjustment, that it targets approximately 81k, including my prediction of potential developments.
$88,770 will act as support since that was the RSI high using the 14 period and will receive a positive reaction, bouncing off the head and shoulders trend-line, then failing, and ultimately reaching the target of 81k. I believe we will test the November 5th election candle, which serves as a macro swing at the 68k range.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.