Bitcoin Approaching 'Full Breakout Territory,' Analyst Says
According to trader Josh Olszewicz, just "a small nudge" is all that stands between Bitcoin and "full breakout territory." A look at the 6-hour BTC/USD chart reveals two distinct bullish setups working in tandem: inverse head and shoulders (iHS) and the falling wedge. The chart clearly defines a classic trend-reversal pattern, with the left shoulder forming in June, the head bottoming out in early July near $57,800, and the right shoulder solidifying mid-month.