Potential Uptrend Scenario for Bitcoin

in #bitcoin4 years ago

Could Bitcoin be following this up trend line?

Untitled.png

Or will it get smushed and forced down by its inability to top new levels and make new higher highs on increased volumes?

Bitcoin has tested and established a floor at $3,510 twice. However, could this still be the right shoulder to the head and shoulders pattern? Bitcoin needs to rally and break $4,000 and $4,125 to prove that it's not the consolidation and reversal pattern that it might potentially be.

Thoughts?

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