Schiff’s analysis focuses on a notable pattern formation in Bitcoin’s price chart, suggesting a shift from a bullish to a bearish trend. According to Schiff, the emergence of a short-term head-and-shoulders pattern is indicative of a potential reversal in Bitcoin’s recent price momentum. This pattern is characterized by a head formation near the $60,000 mark, with shoulders positioned around $58,500 and a neckline tracing below $57,000.·
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