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Inverse Head And Shoulders Breakout Suggests Bitcoin Price Is Headed To $300,000

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Inverse Head And Shoulders Breakout Suggests Bitcoin Price Is Headed To $300,000 - NewsBTC

Quick Summary:

The analyst presented a detailed price chart depicting the formation of an Inverse Head and Shoulder pattern, showcasing its left shoulder, head, right shoulder, and neckline.  Related Reading: Bitcoin $166,000 Target Still In Play?

The Bitcoin price action is showing strong bullish signals, as a rare Inverse Head and Shoulder pattern has just broken out and retested its neckline.

The Extension That Determines Where Price Goes Next Based on his analysis on X, Lagen highlights that Bitcoin has successfully broken above the neckline of this technical pattern, confirming a possible bullish reversal.

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Inverse Head And Shoulders Breakout Suggests Bitcoin Price Is Headed To $300,000 - NewsBTC (Picture 1)

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-04 @ 23:00:34 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 489 words

Reading Time: 3 minutes read

Sentences: 68 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 26671031

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About NewsBTC

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 12 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 8 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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  • URL: https://chronographically.beamstart.com/news/inverse-head-and-shoulders-breakout-17411295573780

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