Bitcoin Flashes Bullish Divergence: Are We Headed for a Trend Reversal?
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Bitcoin is showing a complex technical pattern with an inverse head-and-shoulders formation, suggesting potential bullish momentum. However, veteran trader Peter Brandt warns investors about a possible technical trap due to the pattern's downward-sloping neckline, indicating the need for careful interpretation.
March 30, 2025 | 12:15 pm
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Inverse head-and-shoulders pattern indicates possible trend change, but downward-sloping neckline adds complexity to bullish scenario.
The inverse head-and-shoulders pattern typically signals a potential trend reversal from bearish to bullish. However, the downward-sloping neckline introduces uncertainty, suggesting traders should wait for confirmation before making decisive moves.
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