#BinanceMegadropSolv
Bitcoin continued to trade above $100,000 on Jan. 7 after a choppy Wall Street trading session. Where will its price go next?
Traders and other market commentators shared their short-term Bitcoin
tickers down
$100,784
price predictions as data from Cointelegraph Markets Pro and TradingView confirmed 4% daily gains.
Bitcoin “head and shoulders” ripe for failure
Bitcoin bulls beating a path back to six figures means that some bearish chart signals may no longer be valid.
Among them is the “head and shoulders” pattern on daily timeframes that had been playing out through December.
Here, an uptrend traditionally reverses in three local peaks, two lower “shoulders” with a higher “head” between them. In Bitcoin’s case, the current all-time high of $108,000 marked the head.
