🚀 Bitcoin's recent rally has caught the eyes of traders, but a potential trend shift might be on the horizon. Since November, BTC has been forming a "head and shoulders" pattern, a classic signal of a possible bullish-to-bearish reversal.
- The first shoulder emerged with a failed attempt to hit $100K, followed by a head at $108K, and a retreat to $92K.
- A recent dip to $97K suggests the right shoulder is forming.
- If BTC breaks below the $91,500 neckline, prices could drop to $75K.
Traders, keep your charts handy! What are your thoughts on this pattern? Share in the comments! 📈