SELL TREND in BTCUSD, Bitcoin formed a reversal H&S pattern...
2025-01-09
Category: None

📉  BTCUSD Price Forecast 📉
 
Bitcoin (BTCUSD) is currently at the top of the uptrend, forming a Head and Shoulders chart pattern—a classic reversal signal. The price is approaching the neckline of the pattern, and a breakdown with a bearish candle will confirm a significant downside move.

📌 Key Levels to Watch:

Demand zone at 73,170: If buyers regain strength, the market could rebound toward bullish levels.
Next support at 60,500: A breakdown of the demand zone could lead to further downside.
Final target at 54,000: Upon breaking these critical zones, the bearish move could extend to this technical target.
🎯  Technical Target Levels:
73,170, 60,500, and 54,000. 

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