Bitcoin: Godbole Flags $76K Surge Potential
Bitcoin nears $76K as Omkar Godbole cites inverse head-and-shoulders pattern, with price at $74425.05 and RSI at 92.2 on 4h chart.
SourceAnalysis
Bitcoin is closing in on the $76K level that Omkar Godbole flagged on August 7 through an inverse head-and-shoulders bottom, a setup often referenced in BTC price prediction analysis.
With price testing upper Bollinger resistance at $75039.24 while RSI flashes overbought at 92.2, a healthy retracement to the 50-EMA support at $66302.75 seems probable before further continuation in this bear market rally.
Omkar Godbole, MMS Finance, CMT
@godbole17Staff of MMS Finance.