Bitcoin Potentially Forming An Inverse Head & Shoulders: Dump?

After yesterday's sell-off I started to wonder what would happen if BTC would fall again and how the price action would look like.

If BTC were to go down again I'd look for a retest of the 61k-60k area (purple dotted line). This area has proven to offer strong support, and can be a stepping stone for an inverse head & shoulders pattern.

Keep in mind that BTC going down to 60k is (in my eyes) less likely than making a new all-time high soon. The pattern has yet to be confirmed. However, if we go down you are prepared.

Kommentera:

Moving down. If 65.7k is lost, high risk of coming down more and reaching my right shoulder area.