BTCUSD Analysis: Possible inverse H&S formation

Bitcoin remains under pressure in 2018 with the market consolidating off the yearly low and still at risk for deeper setbacks. A contraction in range also warns of a big breakout and volatility ahead. While the market holds below $6,830, the pressure remains on the downside, though a break and daily close back above this level would open the door for a healthy correction to the topside, targeting the 8,000 area.

In this analysis, we take a look at Bitcoin each day, highlighting all of the need to knows for anyone looking to extract up to date information about major levels and relevant trends, both short term and longer-term. The analysis is designed for the trader, investor and even those simply holding the crypto asset, looking for an idea of where they may want to consider making that next conversion.

The cryptocurrency update is new each day and is presented with an added layer of animation, in an effort to make the analysis as engaging as possible, while also communicating the message with respect to key trends and levels in an easy to understand, seamless manner with great value add to all.