Are Bitcoin Bulls Ready For A Run?

Bitcoin has a short-term bullish signal setting up. As you can see on the chart there is an inverse head and shoulder visible from a 30 or 60-minute timeframe. The neckline comes in at 7397. With a break of this, I'll be looking for a retest of the recent high of the previous swing (7700). There are Squeezes setting up on both a 30 and 60-minute chart right now:



If this plays out, you would typically expect the move to last 4-8 hours based off those shorter time-frames. We're still in a pretty important area for Bitcoin and the rest of the crypto market. If bulls aren't able to break the downtrend we've been in, I wouldn't be surprised if this run is short lived.