Bitcoin (BTC) prices have increased by more than 50% since early November and are now forming a “head and shoulders” (H&S) pattern. 📉

- This pattern could signal a trend reversal from bullish to bearish.

- The failure to break the $100,000 level in November formed the first shoulder.

- The rapid decline from $108,000 to $92,000 in December indicates the beginning.

- The 5% drop to $97,000 indicates the formation of the right shoulder.

If prices fall below the $91,500 support level, a drop to $75,000 is possible. Share your thoughts in the comments! 💬