CandleFocus Bitcoin’s Potential 'Head and Shoulders' Pattern Points to a Sell-Off to $75K: Godbole
2025-01-07
Author: Content Editor
Bitcoin (BTC) has formed a "head and shoulders" pattern, indicating a potential trend change from bullish to bearish. If prices fall below the neckline support at around $91,500, the pattern would be confirmed and could lead to a dip to approximately $75,000. Traders use technical analysis to predict future price movements, but caution is advised as these patterns can sometimes fail.
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