# BTC on fire

**Published by:** [dojobridge.eth](https://paragraph.com/@dojobridge/)
**Published on:** 2023-03-19
**URL:** https://paragraph.com/@dojobridge/btc-on-fire

## Content

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis, we know that BTC is still in an Accumulation in the shape of a potential inverse head and shoulders . 📉 As mentioned, for the the pattern to get activated, we need a break above the blue zone / neckline. This week, BTC broke above the neckline, so now we are expecting a bullish movement till the next resistance around 30,000 📌30,000 is a strong round number, resistance and supply zone . 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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