Update on Bitcoin. BTC-USD on July 15, 2018

July 16, 2018


The formation of the reverse H&S pattern is still possible. Bitcoin is trying to break the local resistance again in order to finish the right shoulder formation. We do not recommend to jump to conclusions, we need to wait for the confirmation of the further growth, if the price can hold above 6400, we can expect the further positive scenario and the consolidation above the “neck” level will indicate the end of the pattern formation and further growth.

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