The cryptocurrency market has not had a prosperous start to 2025, with Bitcoin (BTC) experiencing a potential head and shoulders pattern. This pattern consists of three waves of growth, with the head being the largest wave. However, the shoulders fail to reach the middle peak, indicating weakness in buyers. If validated, this pattern suggests that the price of Bitcoin could drop by as much as the head was worth. According to trader Peter Brandt, there are three possible outcomes: the completion of the pattern resulting in a target price of around $76,000, the formation of a "bear trap" where the price temporarily dips before rising, or the pattern morphing into a larger pattern without a clear bias. Brandt acknowledges that patterns are not definitive and can often change or fail. The uncertainty surrounding the market and the difficulty experienced by experienced traders like Brandt in offering a concrete outlook highlight the unpredictability of Bitcoin's price trajectory.



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