📊BTC/USDT (4H)〽🛑
Bitcoin's Rally Loses Steam: A Reversal Pattern Takes Shape
$BTC
● Bitcoin reached a record high of approximately $108,390, driven by strong bullish momentum.
● However, the rally was short-lived as intense selling pressure kicked in, triggering a rapid decline to $92,500 and erasing some of the recent gains.
● The frequent price fluctuations are likely to form a Head & Shoulder pattern, a bearish pattern that indicates a potential trend reversal and further downside.
● A sharp decline is expected if Bitcoin breaches below $91,500.
#BTC☀ #BTC500K #Write2Earn! #BTCNextMove #ChristmasMarketAnalysis
$BTC
● Bitcoin reached a record high of approximately $108,390, driven by strong bullish momentum.
● However, the rally was short-lived as intense selling pressure kicked in, triggering a rapid decline to $92,500 and erasing some of the recent gains.
● The frequent price fluctuations are likely to form a Head & Shoulder pattern, a bearish pattern that indicates a potential trend reversal and further downside.
● A sharp decline is expected if Bitcoin breaches below $91,500.
#BTC☀ #BTC500K #Write2Earn! #BTCNextMove #ChristmasMarketAnalysis
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BTC
102,063.51
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