🚨Bitcoin's "head and shoulders" pattern shows that a drop in BTC price to $80,000 is possible 📈🚨
Bitcoin (BTC) is still at risk of falling to USD 80,000 in a bullish market correction, warns the latest prediction from a popular chart analyst.
☝️In X posts on December 26, market technician Aksel Kibar revealed a BTC price target near former all-time highs. The price of BTC suggests a bullish trend reversal.
Bitcoin failed to regain the support of USD 100,000 last week, and the bearish price targets for BTC range between USD 90,000 and USD 60,000.
For Kibar, reality could be somewhere in between.
🧐 Analyzing daily timeframes, he pointed out what could become a head and shoulders pattern, a classic feature that marks a break in the bullish trend.