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.
Other News from Today
Analytics Company Researcher Says “I’m Not Buying Right Now” Despite Bitcoin’s Decline, Explains Why