💥 HBAR price nears breakout as inverse head and shoulders pattern forms
HBAR price is consolidating below key resistance as an inverse head and shoulders pattern develops, signaling a potential bullish breakout if the neckline resistance is cleared with volume.
HBAR ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
‼️ Bitcoin could face a drop of up to 70%
Crypto analyst Sherlock suggested that Bitcoin could correct by up to 70% from its all-time high amid worsening market conditions.
👉 In his assessment, the current dynamics are within the range of previous cycles.
Currently, BTC is trading near $67 000, having lost more than 20% over the past week.