The Head and Shoulders technical pattern has just formed on the Bitcoin price chart , signaling that a possible crash may be imminent. According to a crypto analyst, this classic bearish reversal formation could trigger a sharp pullback , potentially driving Bitcoin down to $95,000 in the near term.
Analyst Warns Of Looming Bitcoin Price Crash
Crypto Patel, a technical and fundamental analyst on X (formerly Twitter), has issued a stark warning about Bitcoin’s short-term price outlook. Despite the flagship cryptocurrency reaching fresh all-time highs recently and outperforming most altcoins in the market , Crypto Patel still believes that BTC could be on the verge of a significant price crash.
His bearish forecast centers around the appearance of a Head and Sho