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Bitcoin Head & Shoulders Breakdown Alert?
#BTC is forming a classic Head & Shoulders pattern on the 3H chart.
🔹 Left Shoulder: Formed
🔹 Head: Completed
🔹 Right Shoulder: Completed
🔹 Neckline Support: ~$63K
🔹 Target Below Neckline: ~$57,667
A confirmed breakdown below the neckline could trigger an additional ~8.6% decline, targeting the $57.6K region.
Bulls need to defend this level aggressively. Otherwise, volatility may accelerate to the downside.
Will #Bitcoin hold support, or is a deeper correction ahead?