💥 HBAR price nears breakout as inverse head and shoulders pattern forms
HBAR price is consolidating below key resistance as an inverse head and shoulders pattern develops, signaling a potential bullish breakout if the neckline resistance is cleared with volume.
HBAR ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
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59K was the bottom for #Bitcoin
We can retest and get a wick below just to cleanse even more longs.
But unless something broke like FTX in 2022, BTC shouldn't go so much lower.
Wealthy people and institutions don't care if it wicks down to 48K so why should you? US entities are holding over 2,400,000 $BTC ATM.
Not financial advice