 After breaking over $50,000 yesterday we finally got the break above $52,000 today in the morning and as you guys can see it went up as high as $55,729. So what exactly does this move mean for Bitcoin? So remember that we were talking about the head and shoulders pattern that has been forming as you guys can see here over the last couple of months. Now the reason that this move is so important is because this break that we had here today completely invalidates this head and shoulders pattern due to the fact that we broke above its head. So the head and shoulders pattern in Bitcoin is no longer valid. You guys already know how bullish we were on Bitcoin coming into October. So far it's worked out guys we are up over 26% on the month of October and it's only been six days. So what can we expect from here? Well we just broke over $50,000 which was the top of the previous trading range that we were in right here. So now this price movement leads us into our next trading range which the bottom of this trading range is $50,000 which is right here. And the top is well previous all time highs. I hope you guys enjoyed this quick Bitcoin take and analysis. If you guys enjoyed this video and would like more like this go ahead and smash that like button. If you guys are new here make sure to subscribe to the channel and if you have any questions let us know in the comments. Peace and love.