Bitcoin bears have been relentless, but bitcoin bulls might have one last trick up their sleeves. Monday’s break of $4000 support has failed to produce continued downside, with little to none followthrough. It seems it is going to take a lot more bearish selling volume to pull BTC back to to the lower to-mid-$3000 range. Overall, bullish sentiment remains low while bitcoin price struggles to find its footing. With cumulative margin short positions (BTCUSDSHORTS) remaining at near all-time highs, a bullish breakout is increasingly more likely. The Inverse Head and Shoulders (IHS) pattern is commonly used to pinpoint ... (full story)