Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Bearish
Head-And-Shoulders
Pattern Could Invalidate Above
This PriceLevel Details
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Bearish Head-And-Shoulders Pattern Could Invalidate Above This Price
Level Details
by Ash Tiwari
4 minutes ago
in Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin News
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Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin) crossed the psychologically significant $100,000 price level
yesterday, fuelling optimism among bulls that the digital asset could continue
its upward momentum and achieve new all-time highs (ATH) in the coming weeks.
Head-And-Shoulder Pattern Bound To Fail?
With Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin reclaiming a key price level, speculation about its future price
trajectory has intensified. Analysts are closely monitoring bearish chart
patterns for potential invalidation, which could signal a continuation of the
bullish trend.
Related Reading: Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Could Capture 10% Of $20 Trillion Global Money Supply
Growth In 2025, Analyst Predicts
One such bearish formation is the head-and-shoulders pattern on the daily
chart, which garnered significant attention throughout December. This pattern
was seen as a possible signal that Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin might experience a sharp correction
to the mid-$70,000 range.
For the uninitiated, a head and shoulders pattern is a bearish chart formation
that indicates a possible reversal from an uptrend to a downtrend. It features
three peaks with the middle peak as the highest, known as the “head,” flanked
by two lower peaks called “shoulders,” and a neckline acting as a critical
support level. A break below this neckline confirms the bearish trend.
However, with Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin surpassing $100,000, the probability of the
head-and-shoulders pattern materializing has diminished. According to crypto
analyst Aksel Kibar, current market trends suggest the bearish scenario may
fail to unfold. Kibar explained:
BTCUSD On daily scale formed a similar head-and-shoulders top. Price is now
challenging the high of the possible right shoulder. Breach can result in a
pattern negation and should be considered bullish. Head-and-shoulders failure
price target stands at 116K. Source: Aksel Kibar on X
Kibar also noted that even if the head-and-shoulders pattern plays out and
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin drops to $73,800, it might still not disrupt the broader bullish
trend. Such a retracement would likely serve as a pullback to test the
previous ATH around $73,000 as a new support level.
It is worth noting that since surpassing its March 2024 ATH, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin has not
experienced a major pullback, aside from a flash crash to $90,500 on December
4. Typically, bull markets are characterized by steep price declines followed
by rapid recoveries, setting the stage for the next leg upward.
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Price Projections For 2025
Price forecasts for Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin in 2025 remain overwhelmingly bullish. For
instance, crypto analyst Jason A. Williams predicts that BTC could reach
$131,500 by the first quarter of 2025.
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Cut Outlook: Report
Similarly, Standard Chartered analyst Geoff Kendrick envisions Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin
climbing to $200,000 by the end of 2025, driven by factors such as strategic
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin reserves and increasing institutional interest.
However, crypto entrepreneur Arthur Hayes has issued a cautionary note,
suggesting that the wider crypto market might face a “harrowing dump” around
President• Соединённые Штаты Америки (США) » Политика США » Политики США » Президент США
• Соединённые Штаты Америки (США) » Государственное устройство США » Президент США
• Политика » Политика США » Политики США » Президент США
• Государство » Государственное устройство США » Президент США-elect Donald Trump• Объект человек » Персоналии по алфавиту » Персоналии на Тр » Трамп, Дональд’s inauguration on January 20. At press time, BTC
trades at $100,099, down 0.7% in the past 24 hours. BTC trades at $100,099 on
the daily chart | Source: BTCUSDT on TradingView.com
Featured Image from Unsplash.com, Charts from X.com and TradingView.com