BTCUSDT – 20k-22k range in sight H&S
Bitcoin / TetherUS BINANCE:BTCUSDT
Considering basic head and shoulder fundamentals, the head height to neckline is usually the target.
In this case (blue mark) shows the head height of about 65k to 43k, this puts the neckline target (pink) form 43k to around 20-22k range.
What supports this is the 200 weekly MA is close in that range (yellow circle).
While this is still a bit of way down. with recent falls I wouldn’t say it’s impossible.
I think this would be a relatively safe range to buy if we get close to it.
