Looking at the chart, #Bitcoin may undergo a short-term correction before continuing its long-term uptrend.
Head and Shoulders Pattern:
If you look at the chart, you’ll see multiple head and shoulders formations, which are typically a bearish signal. After each high, the price tends to fall to lower lows, suggesting that $BTC might drop toward the $60,300 zone.
Strong Support at $60,300:
The $60,300 level could serve as a strong support area where $BTC previously found a foothold. If the price retests this level, we might see a rebound.
Potential Recovery After Correction:
After dropping to the $60,300 zone, #BTC could rebound sharply and head toward $65,000. If you look at the arrow on the chart, it indicates a possible recovery once BTC finds buying pressure at this support level.
Before BTC to the moon, there will likely be one more significant drop. After that, the price is expected to surge, possibly breaking the $73,000 all-time high (ATH), leading us into Altcoin season. This is the moment you should pay attention to for the final shake-out to determine the last opportunity to💰All In💰.