chatGBT told me we are going lower guys. this is the technical analysis he did for the image attached. He seems right but nobody knows what will happen, and what follows is the TA he gave me:

If I were a professional trader my short-Term View is bearish, as price is struggling to break above the 21-day moving average (MA) and seems to be consolidating, so any break below the $60,000 level could signal a sharper move downwards.Long-Term View: Still bullish, as the 200-day moving average is far below the price, indicating long-term strength.

Pattern Identification:

The chart appears to display a descending triangle or consolidation pattern. This is visible from the series of lower highs starting from the $73,777 peak and the support level forming around the green horizontal line at approximately $60,000.

Descending triangles are typically bearish patterns, as they show that the price is making lower highs while holding a certain support level, which could eventually break down.

Moving Averages:

The 21-day moving average (MA) is trending above the current price, indicating downward pressure in the short term.

The 200-day moving average (MA) is significantly below the current price, showing that the long-term trend is still bullish overall, but the current price is in a correction phase.

Price Levels:

Key resistance level seems to be around $62,000 (the MA-21), as the price is failing to break through this level consistently.

If the price fails to maintain the $60,000 support, we could see a further bearish breakdown.

Volume:

There's a visible decline in trading volume, which can indicate that the current consolidation phase might result in a sharp movement once volume increases. Lower volume during a consolidation typically means traders are waiting for a breakout.

Conclusion: it means we are going down 👇 so if you are on Spot TAKE profits today asap