# BTC on fire

By [dojobridge.eth](https://paragraph.com/@dojobridge) · 2023-03-19

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Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

**As per my last analysis**, we know that [BTC](https://www.tradingview.com/symbols/BTCUSD/) is still in an Accumulation in the shape of a potential [inverse head and shoulders](https://www.tradingview.com/ideas/inverseheadandshoulders/) .

📉 As mentioned, for the the pattern to get activated, we need a break above the blue zone / neckline.

**This week,** [**BTC**](https://www.tradingview.com/symbols/BTCUSD/) **broke above the neckline**, so now we are expecting a [bullish](https://www.tradingview.com/ideas/bullish/) movement till the next resistance around 30,000

📌**30,000 is a strong round number,** resistance and [supply zone](https://www.tradingview.com/ideas/supplyzone/) . So expect reaction there.

For the bulls to take over from a MACRO perspective, we need a break above 32,000

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*Originally published on [dojobridge.eth](https://paragraph.com/@dojobridge/btc-on-fire)*