💥 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
Derivatives market bloodbath: $573 million liquidated
The price collapse triggered a flurry of liquidations on trading platforms. Within 24 hours, the market saw over $573 million in liquidated positions, the vast majority of which were long positions (buyers betting on the upside).
This long squeeze accelerated the decline, forcing algorithms and traders to sell into the market to cover losses. Volatility has peaked, and Bitcoin is currently testing critical support levels. If selling pressure continues and the S&P 500 (particularly tech stocks like Nvidia) confirms this downward trend at the US open, BTC could once again surpass the $60,000-$70,000 level.$BTC #DecemberMarketOutlook #DecemberRateCutForecast #AreYouBullishOrBearishToday? #SpotETFApprovalUpdates #CryptoMarketWatch