BATBTC Head and Shoulders Pattern

14. Juni 2020

BATBTC is forming a head and shoulders pattern. Expect BAT to be bearish in the near future relative to the bitcoin and therefore the crypto market in general. I don’t see a head and shoulders, however, in the BATUSD chart, so BAT may still be a good buy relative to fiat. The Brave web browser recently received some negative coverage (to read about it Google: “Brave affiliate link controversy”) and I suspect that may contribute to a downtrend in the near future. In the long term I believe that is something Brave and BAT will put in the rearview mirror, and I do expect BAT to be one of the coins that most benefits from the bullish crypto cycle that we are now entering.