Derived from Captainaltcoin, Bitcoin's weekly chart has formed a clear head-and-shoulders pattern, according to analyst Linton Worm. The structure suggests a bearish continuation, with BTC failing to break the long-term trendline and breaking below multi-year support. Worm projects a potential drop to the mid-$50k region if the pattern completes. However, a rebound above $95k–$97k could invalidate the bearish case and trigger short-liquidations. The next 1–2 weekly closes will be critical in determining the market's direction.
Bitcoin Weekly Chart Shows Bearish Head-and-Shoulders Pattern, Analyst Warns of Potential Drop to $50k
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