Inverse Head & Shoulder pattern is playing out nicely plus the price is retracing to the 50 and 200 MA in a classic retrace to the support levels. I think it is very likely the price will shoot up to retest the psychological level between 30,000-31,000.
Comment:
There is a lot of FUD right now surrounding the SEC going aggressively after Binance and Coinbase but Bitcoin remains quite stable. This is a very bullish signal, in my view, and I think the smart money will stay in Bitcoin for the foreseeable future.