So that head & shoulders meme is still alive with Bitcoin, at least in theory. BTC pulled damn near to the tick of the left shoulder and rejected more down.
This gives bulls hope, but we're nowhere near out of the woods yet. Still waiting on that 6800 level to break in order to consider buying. A case could also be made for falling wedge (see img)
Whatever the case it's baby steps. First we need to get over 6250 resistance to eye 6500. It's still bear trend so threat with care, remember trend is your friend and while this looks good it can easily break down further. These could just as well be bullish divergences playing out.
Take care
