Bitcoin H&S now active, for the moment at least…

The would-be Head & Shoulders top and its “sub-zero” theoretical implication for Bitcoin are active as the price ticks below the neckline

The daily chart of BTC/USD is creeping below the neckline today. If that holds (it’s probably an at least temporary fake out) then the drive to sub-zero is on (going strictly by technical measurement, if not reality). What a potential disaster this could be for so many people.

bitcoin

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