💥 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
Even Goldman Sachs understands the 4 year cycle.
"Goldman Sachs cut its spot bitcoin and ether ETF holdings by 39.4% in the fourth quarter.
It held $1.06 billion in spot bitcoin ETFs and about $1 billion in spot Ethereum ETFs as of the end of last year, according to its latest disclosure"