A market technician has identified a potential bearish reversal pattern, known as a Gravestone Doji, in the Bitcoin weekly chart. The pattern suggests that bulls lost control after trying to push prices higher, indicating a weakening bullish momentum. The presence of the Gravestone Doji at a major resistance level around $73,700 raises doubts about Bitcoin's continued upward momentum. If Bitcoin forms a weak candle this week, it could confirm a reversal and lead to a pullback. The initial target for this pullback could be the $50,000 support level. The upcoming US presidential election may also impact Bitcoin's direction.



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