💥 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
Miner Stress: The "production cost" of a Bitcoin is currently estimated at $77,000 - $87,000. With the market price around $67k, many miners are operating at a loss, leading to "miner surrender" where less efficient firms are forced to sell their holdings to survive.
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