💥 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
IT NOW COSTS AROUND $84,000 TO MINE 1 BITCOIN…
YET BTC IS TRADING AT $65,000.
LET THAT SINK IN.
Miners are producing coins at a loss.
History shows that when production costs sit above price for long, something eventually breaks — either inefficient miners capitulate… or price reprices.
Think carefully about what that usually means.