Bitcoin May Be Forming a Bearish Head & Shoulders Pattern, But Here’s Why It Doesn’t Matter3.2

Bitcoin has been able to find some stability after rapidly surging back above the critical $8,000 level earlier this week, signaling that BTC’s bulls are not yet ready to surrender to its bears, which means that further gains could be imminent.

Although the possibility of further gains remains strong, some analysts are apt to note that Bitcoin does appear to be forming a notorious head & shoulders formation that may favor the crypto’s bears.

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