Bitcoin (BTC) Will Be Proven Once Again A Get-Rich-Quick Scheme After Breaking Out This 200 SMA

Hi friends hope you are well, and welcome to the new update on Bitcoin.

In an hourly time frame, Bitcoin is again rejected by $21360 resistance and even broke down the previous support of $20800. Now BTC is moving between the $20500 to $20800 range.

On a 4-hr time frame, after breaking out an inverse Head $ Shoulder pattern, Bitcoin is testing the neckline of this pattern as support.

On a weekly time frame, Bitcoin is still not able to breakout the 200 simple moving average, and once BTC will be able to break it out then again Bitcoin can start a long-term upward stable move.

For a detailed analysis, you can watch the video.