$BTC BTC/USDT: Inverted Cup and Handle Pattern Suggests Possible Retest of $53K Support

Bitcoin (BTC) has been in a strong uptrend recently, currently trading around the $83,000 mark. However, technical analysis is flashing warning signs that a deeper correction might be on the horizon.

One of the key bearish signals forming on the chart is the inverted cup and handle pattern—a reversal formation that typically points to a potential breakdown in price after a bullish run. This pattern suggests a possible topping structure, and if confirmed, BTC may enter a phase of corrective movement.