Bitcoin: Price Analysis, July 16

Bitcoin: Price Analysis, July 16

BTC/USD Bitcoin is leading the recovery from the front. It has bounced sharply from its recent lows of $6,120.45. The probability of a bullish inverse head and shoulders (H&S) pattern is still alive.  The inverted H&S will complete on a breakout and close above the neckline at $6,953.38. This gives it a pattern target of $7,996.11. […]

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Bitcoin: Price Analysis, July 13

Bitcoin: Price Analysis, July 13

BTC/USD We expected Bitcoin to find support close to $6,250 but it plunged down to $6,120.45 on July 12. This invalidates our expectations of an inverse head and shoulders pattern. Still, if the bulls defend the zone between $5900 and $6075, the digital currency can form a double bottom. Led by Bitcoin, most cryptocurrencies are showing a […]

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