Bitcoin Price Key Highlights:
Bitcoin price finally broke above the neckline of its inverse head and shoulders pattern to signal that a rally is underway.
The chart pattern is around $1,000 tall so the uptrend has room to go, but a pullback might take place.
Technical indicators are showing mixed signals while sentiment favors more bitcoin price gains.
Bitcoin price made a strong upside break from the neckline of its inverse head and shoulders pattern.
Bitcoin is up 10.18% over the past 24 hours and is currently trading at $7,420.83 on Coinbase.