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Bitcoin key resistance at $9500

rihaan(60)
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#bitcoin
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Based on what I'm looking at, there is a inverted head and shoulders forming and usually inverted H&S is a bullish sign. This also means that if BTC breaks the neckline (key resistance at $9500), potentially we will see BTC price mooning. However, it really depends on news from the US regulations as it will determine whether BTC will be here to stay or not. Either way, I think BTC or Crypto in general will be here to stay for a long time but the regulation might cause more outflow of capital from BTC. However, I'm still bullish on it for these few days and feel that $BTC is heading towards $9,500.

photo source "https://www.tradingview.com/chart/BTCUSD/1TBXMZOL-Inverted-Head-and-Shoulders-for-Bitcoin/"

Bitcoin key resistance at $9500 | Ecency