💥 HBAR price nears breakout as inverse head and shoulders pattern forms
HBAR price is consolidating below key resistance as an inverse head and shoulders pattern develops, signaling a potential bullish breakout if the neckline resistance is cleared with volume.
HBAR ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
$BTC Upper resistance: $95,000 (upper edge of the consolidation range) and $100,000 (psychological and technical threshold).
· Recent pivot line: $86,000 (support level tested several times recently).
· Deep support: $83,000 - $80,000 area. If this level is lost, market concerns will intensify and the decline could accelerate.
In summary, the Bitcoin market today is seeing a tug-of-war between bulls and bears, and either side's strength could be amplified by unexpected news or large trades.