Bitcoin has successfully reached the first potential reversal zone of the bearish shark pattern, located around the 105K level. Subsequently, the price experienced a slight correction, which may be intended to capture some downward liquidity, laying the groundwork for future movements.
The second potential reversal zone is located near 114K, which has yet to be validated. Once Bitcoin touches this level, it will not only access liquidity areas above the current historical high but is also expected to refresh the historical high.
