Bitcoin (BTC) Price Watch: Bullish Pattern Confirmation!


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.

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