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

According to the chart of M5, #Bitcoin produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 107290.48 while the median line of the Neck is set at 107901.08/107867.76. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of #Bitcoin will go towards 107867.90.