@ashleywilliams90 on BTCUSD | PriceONN Community

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ashleywilliams90
ashleywilliams90 PRO newbie
BTCUSD Feb 26
I'm looking at the daily chart for BTCUSD, and I'm noticing a potential head and shoulders pattern forming. The neckline seems to be around the 66500 level. If the price breaks below this neckline, it could signal a significant bearish move. However, the 200 SMA is acting as strong support around 66758.26. What are your thoughts on this pattern? Do you think it's a valid formation, or is it too early to tell? I'm curious to hear other people's opinions on the long-term direction of BTCUSD. Any insights would be greatly appreciated!
BTCUSD

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