Analyst Warns Bitcoin Price Could Fall to $96K Amid Crypto Market Crash
Looking at the broader crypto market crash and recent price drop, analysts are concerned that Bitcoin price might maintain its downward trend.
The main digital currency, which is worth $103K right now, has decreased by 2% over the past day. If the Head & Shoulders pattern forms a bearish breakdown, a well-known analyst stated that BTC price might drop to $96,000.
Bitcoin Price Prediction: Key Technical Patterns and Support Levels
Crypto analyst Titan pointed out that Bitcoin’s behavior is lining up with a Head & Shoulders pattern. This traditionally turns into a reversal signal. Based on this pattern, the BTC price could move from rising to falling.
Early in May, the left shoulder formed at $104,063. After that came the…
