January 27, 2023

Copy-paste | Bitcoin could drop to $ 1000 due to the head-and-shoulders model?

Financial guru Peter Schiff predicted a drop in the price of bitcoin in the region of $ 1000 after the week of November 17-24 cryptocurrency has fallen in price by 20%.

A similar forecast was made by a popular analyst.Tradingview @MagicpoopCannon. He said that a head-and-shoulders (H&S) pattern has been forming on the Bitcoin chart since May. The measured target of this probable model is located in the region of $ 1000.

Will the PTS really collapse to this mark? Let's try to figure it out.

Head and shoulders?

The pattern that forms on the chart really resembles a head-and-shoulders model, but it looks very chaotic.

First, the length of the segment corresponding toon the graph for the "head" of the model, more than four times the size of the "shoulders". In addition, there is a significant difference in the height of the right and left shoulder.

Continuation of the link: https://beincrypto.ru/bitkoin-mozhet-upast-k-1000-iz-za-modeli-golova-i-plechi/