Bitcoin (BTC) in a Position To Witness Bullish Momentum Reversal, According to Analyst – Here’s His

A closely followed analyst says he sees Bitcoin (BTC) ending its current correction and witnessing another leg up soon.
In a new video update, crypto strategist Kevin Svenson tells his 74,100 YouTube subscribers that Bitcoin may undergo a momentum shift after printing a bullish technical pattern on the low time frame.

“Bitcoin is in a position to potentially, on the four-hour chart, put in a higher low [at $64,800], which would be an inverse head and shoulders, which would be an indication of a momentum reversal, an increase in demand, a trend reversal in the short term.”


Traders sometimes watch for an inverse head and shoulders pattern as it often suggests that a bullish reversal is in sight.
With BTC successfully retesting the diagonal resistance as support, Svenson is now predicting a rally above $76,000. He also notes that the moving average convergence divergence (MACD), a momentum indicator, is flashing a bullish signal.
“Bitcoin bullish daily close. We closed above the resistance trend.
MACD histograms starting to show positive momentum returning.” 

A closely followed analyst says he sees Bitcoin (BTC) ending its current correction and witnessing another leg up soon.
In a new video update, crypto strategist Kevin Svenson tells his 74,100 YouTube subscribers that Bitcoin may undergo a momentum shift after printing a bullish technical pattern on the low time frame.

“Bitcoin is in a position to potentially, on the four-hour chart, put in a higher low [at $64,800], which would be an inverse head and shoulders, which would be an indication of a momentum reversal, an increase in demand, a trend reversal in the short term.”


Traders sometimes watch for an inverse head and shoulders pattern as it often suggests that a bullish reversal is in sight.
With BTC successfully retesting the diagonal resistance as support, Svenson is now predicting a rally above $76,000. He also notes that the moving average convergence divergence (MACD), a momentum indicator, is flashing a bullish signal.
“Bitcoin bullish daily close. We closed above the resistance trend.
MACD histograms starting to show positive momentum returning.” 

A closely followed analyst says he sees Bitcoin (BTC) ending its current correction and witnessing another leg up soon.
In a new video update, crypto strategist Kevin Svenson tells his 74,100 YouTube subscribers that Bitcoin may undergo a momentum shift after printing a bullish technical pattern on the low time frame.

“Bitcoin is in a position to potentially, on the four-hour chart, put in a higher low [at $64,800], which would be an inverse head and shoulders, which would be an indication of a momentum reversal, an increase in demand, a trend reversal in the short term.”


Traders sometimes watch for an inverse head and shoulders pattern as it often suggests that a bullish reversal is in sight.
With BTC successfully retesting the diagonal resistance as support, Svenson is now predicting a rally above $76,000. He also notes that the moving average convergence divergence (MACD), a momentum indicator, is flashing a bullish signal.
“Bitcoin bullish daily close. We closed above the resistance trend.
MACD histograms starting to show positive momentum returning.” 

A closely followed analyst says he sees Bitcoin (BTC) ending its current correction and witnessing another leg up soon.
In a new video update, crypto strategist Kevin Svenson tells his 74,100 YouTube subscribers that Bitcoin may undergo a momentum shift after printing a bullish technical pattern on the low time frame.

“Bitcoin is in a position to potentially, on the four-hour chart, put in a higher low [at $64,800], which would be an inverse head and shoulders, which would be an indication of a momentum reversal, an increase in demand, a trend reversal in the short term.”


Traders sometimes watch for an inverse head and shoulders pattern as it often suggests that a bullish reversal is in sight.
With BTC successfully retesting the diagonal resistance as support, Svenson is now predicting a rally above $76,000. He also notes that the moving average convergence divergence (MACD), a momentum indicator, is flashing a bullish signal.
“Bitcoin bullish daily close. We closed above the resistance trend.
MACD histograms starting to show positive momentum returning.” 

A closely followed analyst says he sees Bitcoin (BTC) ending its current correction and witnessing another leg up soon.
In a new video update, crypto strategist Kevin Svenson tells his 74,100 YouTube subscribers that Bitcoin may undergo a momentum shift after printing a bullish technical pattern on the low time frame.

“Bitcoin is in a position to potentially, on the four-hour chart, put in a higher low [at $64,800], which would be an inverse head and shoulders, which would be an indication of a momentum reversal, an increase in demand, a trend reversal in the short term.”


Traders sometimes watch for an inverse head and shoulders pattern as it often suggests that a bullish reversal is in sight.
With BTC successfully retesting the diagonal resistance as support, Svenson is now predicting a rally above $76,000. He also notes that the moving average convergence divergence (MACD), a momentum indicator, is flashing a bullish signal.
“Bitcoin bullish daily close. We closed above the resistance trend.
MACD histograms starting to show positive momentum returning.” 

A closely followed analyst says he sees Bitcoin (BTC) ending its current correction and witnessing another leg up soon.
In a new video update, crypto strategist Kevin Svenson tells his 74,100 YouTube subscribers that Bitcoin may undergo a momentum shift after printing a bullish technical pattern on the low time frame.

“Bitcoin is in a position to potentially, on the four-hour chart, put in a higher low [at $64,800], which would be an inverse head and shoulders, which would be an indication of a momentum reversal, an increase in demand, a trend reversal in the short term.”


Traders sometimes watch for an inverse head and shoulders pattern as it often suggests that a bullish reversal is in sight.
With BTC successfully retesting the diagonal resistance as support, Svenson is now predicting a rally above $76,000. He also notes that the moving average convergence divergence (MACD), a momentum indicator, is flashing a bullish signal.
“Bitcoin bullish daily close. We closed above the resistance trend.
MACD histograms starting to show positive momentum returning.” 

A closely followed analyst says he sees Bitcoin (BTC) ending its current correction and witnessing another leg up soon.
In a new video update, crypto strategist Kevin Svenson tells his 74,100 YouTube subscribers that Bitcoin may undergo a momentum shift after printing a bullish technical pattern on the low time frame.

“Bitcoin is in a position to potentially, on the four-hour chart, put in a higher low [at $64,800], which would be an inverse head and shoulders, which would be an indication of a momentum reversal, an increase in demand, a trend reversal in the short term.”


Traders sometimes watch for an inverse head and shoulders pattern as it often suggests that a bullish reversal is in sight.
With BTC successfully retesting the diagonal resistance as support, Svenson is now predicting a rally above $76,000. He also notes that the moving average convergence divergence (MACD), a momentum indicator, is flashing a bullish signal.
“Bitcoin bullish daily close. We closed above the resistance trend.
MACD histograms starting to show positive momentum returning.” 

A closely followed analyst says he sees Bitcoin (BTC) ending its current correction and witnessing another leg up soon.
In a new video update, crypto strategist Kevin Svenson tells his 74,100 YouTube subscribers that Bitcoin may undergo a momentum shift after printing a bullish technical pattern on the low time frame.

“Bitcoin is in a position to potentially, on the four-hour chart, put in a higher low [at $64,800], which would be an inverse head and shoulders, which would be an indication of a momentum reversal, an increase in demand, a trend reversal in the short term.”


Traders sometimes watch for an inverse head and shoulders pattern as it often suggests that a bullish reversal is in sight.
With BTC successfully retesting the diagonal resistance as support, Svenson is now predicting a rally above $76,000. He also notes that the moving average convergence divergence (MACD), a momentum indicator, is flashing a bullish signal.
“Bitcoin bullish daily close. We closed above the resistance trend.
MACD histograms starting to show positive momentum returning.”