BTCUSD is heading towards the resistance line of a Inverse Head and Shoulders and could reach this point within the next 18 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
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BTCUSD hits 105618.19 after a 33.45% move spanning 44 days.