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Nelson
@ellieooo
Recent Bitcoin price trends have sparked debate about a potential head-and-shoulders top pattern, a classic technical signal of a bullish-to-bearish reversal. After surging past $100,000 in late 2024, BTC hit a peak near $108,000 (the "head") before dropping to $92,000, with a possible right shoulder forming around $97,000. The neckline, connecting troughs near $91,500, is key—its break could confirm a drop to $75,000-$80,000, per analysts like Aksel Kibar. However, Bitcoin’s climb back above $100,000 in January 2025 challenges this bearish setup. If it sustains above $102,500, the pattern may fail, targeting $116,000-$120,000 instead. While some see a correction looming, others note strong fundamentals and whale activity supporting a bullish outlook, leaving the pattern’s outcome uncertain as of March 11, 2025.
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