Potential Head and Shoulders on Daily Invalidated

Bitcoin broke the 31,000 previous resistance level invalidating the head and shoulders pattern forming on the daily. This break is significant because bitcoin has gained acceptance into the higher range of 2021 & 2022. If price can hold above 31,000 then we can look for target as high as 48,000 in the medium term. There is still likely to be a sizable pullback before we start the traditional bull market that proceeds the halving. If price fails to hold 31,000 as support and gets accepted into the lower range again, 23,000 would likely come in to play quickly.