FX.co ★ #Bitcoin M5: Inverse Head and Shoulder

According to the chart of M5, #Bitcoin formed the Inverse Head and Shoulder pattern. The Head’s top is set at 80979.93 while the median line of the Neck is found at 80724.81/80859.90. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of #Bitcoin will go towards 80980.08