Is Bitcoin Heading to $78K? Key Patterns Explained!

''BTC/USD: Key Supply Zone in Focus''

This chart highlights a significant supply zone between $94,858.98 and $95,979.83, marked by previous price rejections (indicated by the arrows). This zone represents a key area of resistance where selling pressure has historically dominated.

If the price revisits this zone, there’s a high probability of another rejection, potentially leading to a downward movement. Traders should monitor this area closely for potential short opportunities or signs of a breakout.

👉 What’s your take on this supply zone? Will it hold, or are we breaking through? Let me know your thoughts in the comments!



"BTC/USD: Bearish Head and Shoulders Pattern"

This chart showcases a classic Head and Shoulders pattern, often regarded as a bearish signal. The price has already broken the neckline, indicating a potential continuation to the downside.

The target for this pattern lies near $78,490.59, calculated based on the height of the structure. Combined with the current price action, this setup suggests further bearish momentum could be on the horizon.

👉 Do you agree with this bearish outlook? Or do you see a reversal coming? Share your analysis in the comments below!