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Bullish Bitcoin chart may point to move toward $53,000

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Bullish Bitcoin chart may point to move toward $53,000

Bitcoin is forming a technical pattern that suggests a brighter period lies ahead for the world’s largest cryptocurrency.

Axar.az reports that the pattern, a so-called reverse head and shoulders, is often viewed as signalling a flip in a downtrend. The study suggests that a target of about $53,000 would come into play for the token which is up to some 3% on Tuesday if it breaks the neckline of the reverse head and shoulders at about $44,600.

Date
2022.02.15 / 16:04
Author
Axar.az
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