$BTC one year graph analysis
📉 1) Clear Lower Highs → Short-Term Downtrend
Across the year:
Each rebound tops out lower than the previous one
This creates a descending structure
This is a classic sign of a short-term downtrend inside a larger bullish cycle.
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📉 2) Strong Breakdown Below Support (~€85,300)
There was a very obvious horizontal support line near €85,000.
Price touched it multiple times and held…
…until now.
The latest red candle has:
Sliced below €85k
Closed decisively lower
Landed near the next zone around €67,500
That’s a clean support break, usually a bearish signal in the short term.
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📉 3) This Looks Like a “Head and Shoulders” (Bearish Pattern)
The structure is surprisingly textbook:
Left shoulder: first peak
Head: highest peak
Right shoulder: lower peak
Neckline: ~€85,000 support
Price now broke the neckline.
This pattern often predicts further downside unless price quickly reclaims the neckline.
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📉 4) Momentum is Down — But Still Within a Larger Bullish Macro
Nothing here indicates a macro bear market.
This is:
✔ A short-to-medium-term correction
Not a structural reversal of the long-term BTC trend.
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📊 Summary
Short-term (weeks) → Bearish
Lower highs
Support break
Head & shoulders structure
Medium to long term → Still bullish
No macro trend damage
Pullbacks like this are common before continuation
