💥 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
The U.S. government seizes an additional 127,000 #Bitcoin - achieving a record in its holdings 😳
The U.S. Department of Justice seized 127,000 #BTC , bringing the total holdings of the U.S. government to approximately 330,000 $BTC - worth over 22 billion dollars. 💰
It would be better if the United States could devise a plan to actively purchase Bitcoin, rather than just confiscating it - one day, these holdings may contribute to paying off the national debt 💡
At this rate, the United States may soon compete with MicroStrategy, and even nation-states, to become one of the largest forces in the Bitcoin space in the world. ??
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#FedRateCutExpectationsHeatUp