Does the bearish chart pattern of Bitcoin mean a price of $76,000 before Trump's inauguration? Market Update

The price of Bitcoin has been declining since it reached $108,353 on December 17, and the recent drop of BTC below $92,000 has put many analysts on alert due to the imminent confirmation of a bearish head and shoulders chart pattern.

A few daily closes below the neckline of the pattern at $92,000 could be followed by a drop towards the pattern target at $79,500.

Certified market technician Aksel Kibar has also set a price target for (BTC) at $80,000 if the head and shoulders pattern is confirmed.