Bullish Bitcoin chart may point to move toward $53 000

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[Bitcoin might, surprisingly for me, be heading back upwards this year. Jan]

Bitcoin is forming a technical pattern that suggests a brighter period lies ahead for the world’s largest cryptocurrency. The pattern, a so-called reverse head and shoulders, is often viewed as signaling a flip in a downtrend. The study suggests that a target of about $53 000 would come into play for the token — which is up some 3% on Tuesday — if it breaks the neckline of the reverse head and shoulders at about $44 600.

Source: https://www.moneyweb.co.za/moneyweb-crypto/bitcoin/bullish-bitcoin-chart-may-point-to-move-toward-53-000/