CandleFocus

Beware: This pattern could trigger a Bitcoin crash below $90,000

Author: Content Editor
Bitcoin (BTC) is facing resistance and could potentially crash below $90,000 based on a technical pattern known as a head-and-shoulders formation, according to cryptocurrency analyst Ali Martinez. The pattern indicates a potential price reversal, and if Bitcoin breaks below $90,000, it could lead to further bearish momentum. However, some analysts still believe there is a path for Bitcoin to hit a new record high of $100,000 if it reclaims the $98,000 level. In the meantime, software company Microstrategy continues its Bitcoin buying spree, adding 15,400 BTC to its holdings, bringing its total to 402,100 BTC. Attention is also on Microsoft, where shareholders will vote on adding Bitcoin to the company's balance sheet on December 10, which could be a catalyst for Bitcoin breaking $100,000. At the time of writing, Bitcoin was trading at $95,126, reflecting slight losses in the past 24 hours.

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