$BTC Observing the 15-minute timeframe for Bitcoin (BTC), potential bearish chart patterns appear to be forming. Specifically, there are indications of both a Head and Shoulders pattern and a Double Top formation. These technical analysis patterns are commonly interpreted as signals of a possible price reversal and the start of a downward trend. Based on the structures currently observed, these patterns could signify a potential downtrend for BTC, targeting a price range from approximately $97,339 down towards the $94,773 level. Traders utilizing these patterns would view this as a signal to exercise caution or potentially look for short opportunities, anticipating a decline from recent highs towards the indicated support zone.
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