Bitcoin

<ul class="news-points"> 
 <li><strong>Bitcoin is going to $70,000, according to an acclaimed cryptocurrency trader, Mags.</strong></li> 
 <li><strong>Mags drew his conclusion from an inverted Head and Shoulders pattern on the Bitcoin chart.</strong></li> 
 <li><strong>According to Mags, Bitcoin’s price is currently at the neckline of the established pattern.</strong></li> 
</ul> 
<p>Bitcoin is going to $70,000, according to an acclaimed <a href="https://coinedition.com/what-is-cryptocurrency-a-complete-beginners-guide/">cryptocurrency</a> trader and technical analyst identified as Mags on X (formerly Twitter). Mags drew his conclusion using an inverted Bitcoin chart to analyze an established ‘Head and Shoulders’ pattern. According to Mags, Bitcoin’s price is currently at the neckline of the established pattern.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a> is going to $70,000 ?? <br><br>BTC is forming a massive Head and Shoulder pattern on the inverted chart price is currently testing the Neckline<br><br>The Technical target of the pattern, if measured from the neckline, is around $70,000 <a href="https://t.co/owLPorGK5j" target="_blank" rel="nofollow">pic.twitter.com/owLPorGK5j</a></p>— Mags (@thescalpingpro) <a href="https://twitter.com/thescalpingpro/status/1712724138350068223?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 13, 2023</a>
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<p>Mags’ prediction comes amid a complicated period for Bitcoin when the flagship cryptocurrency dropped below significant support at $27,000. Bitcoin broke below $27,000 for the first time in October two days ago, following three previous bearish cand…</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/bitcoins-head-and-shoulders-pattern-shows-a-path-to-70k/">Bitcoin’s ‘Head and Shoulders’ Pattern Shows a Path to $70K</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Bitcoin’s ‘Head and Shoulders’ Pattern Shows a Path to $70K

Coin Edition

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