Bitcoin Chart Update: Are We Headed for a New High?
Let’s take a look at what’s happening with Bitcoin right now. If you check out the chart above, you’ll notice a really clean inverse head and shoulders pattern has formed—a classic setup that often signals a potential move higher.
We’ve already seen a strong breakout from this pattern, marked by a solid bullish candle. That gave a great entry point for anyone watching closely. But even if you missed that initial move, no worries—the price came back down, retested the breakout level, and showed another bullish candle. That retest was basically the market saying, “Here’s your second chance.”
Since then, Bitcoin has been moving up steadily. If you’re still looking to enter, there’s still an opportunity. You could go in with a small stop loss, since the target from the inverse head and shoulders pattern hasn’t been hit yet.