💥 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
[If Bitcoin falls below $64,000, the total long liquidation strength on mainstream CEXs will reach 898 million]
On February 13, according to Coinglass data:
If Bitcoin drops below $64,000, the total long liquidation strength on mainstream CEXs will reach 898 million.
Conversely, if Bitcoin breaks above $69,000, the total short liquidation strength on mainstream CEXs will reach 1.417 billion.
Do you think BTC will fall below 64,000 or rise above 69,000?