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What Happens in Bitcoin after Head and Shoulders Bitcoin Setup?

A Head and Shoulders chart pattern is a bearish bitcoin trend reversal crypto currency signal which signals the current upward market trend is about to turn and reverse once the Head and Shoulders bitcoin pattern is confirmed.

The Head and Shoulders pattern is characterized by three consecutive peaks, where the second peak is marginally higher than both the first and third peaks. This pattern indicates that the upward trend of Bitcoin is losing momentum. If the price of the Bitcoin instrument falls below the support level, defined by the two lows between the three peaks, the Head and Shoulders cryptocurrency pattern is deemed confirmed, resulting in a shift of the Bitcoin price to a bearish market trend.

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