Bitcoin has formed a bearish head and shoulders pattern on the hourly time frame. This pattern could potentially lead to a price drop to around $99,000 after the pattern breaks.
But as long as this pattern does not break, we cannot say that the price is bearish. Therefore, we should wait for this pattern to break to confirm a bearish trend.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!