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What Happens to Bitcoin After a Head and Shoulders Pattern?

The Head and Shoulders pattern serves as a bearish reversal signal in bitcoin trading, indicating that the prevailing upward trend is likely to reverse once the pattern is validated.

The Head and Shoulders pattern has three peaks in a row, where the middle peak is a little higher than the other two. This pattern shows that Bitcoin's price increase is slowing down. If Bitcoin's price goes below the support level, which is the low point between the three peaks, the Head and Shoulders pattern is confirmed, and Bitcoin's price is likely to fall.

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