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Bitcoin has broken out of the inverse head and shoulders pattern on the weekly timeframe, showing strong bullish momentum supported by high volume and the Ichimoku Cloud. A pullback for a retest above the breakout level may occur, possibly filling the CME gap, which could set the stage for a rally above 100K.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
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https://www.tradingview.com/chart/BTCUSDT/ESrlDgvW-BTC-USDT-WEEKLY-CHART-UPDATE/
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