BTCUSD – Head & Shoulders Confirmed?In my previous analysis ( ), I outlined a potential Head & Shoulders formation that could lead to a bearish move. So far, price action has followed this structure accurately.
Key Developments:
✅ The right shoulder seems to be forming as expected.
✅ Price grabbed liquidity above $92,500 before reacting downward.
✅ A double top has formed, adding further bearish confluence.
What’s Next?
If the market respects this pattern, a break below the neckline could confirm a continuation lower, with a potential target at $59,117 , aligning with the full Head & Shoulders projection.
Conclusion:
So far, this setup is playing out perfectly. If bearish pressure continues, we could see a deeper decline. However, a sustained move above $95,150 would invalidate this scenario.
🔔 Do you see BTC following this path, or do you expect a bullish surprise? Drop your thoughts below!
