Bitcoin’s Bull Run Faces Reversal Risk: Shark Pattern Signals Potential Pullback

Recent gains for Bitcoin (BTC) have pushed prices into technically significant territory, but a new bearish shark harmonic pattern suggests a potential reversal. This pattern indicates a possible price retracement in the short term, with volume metrics signaling a lack of strong buyer commitment. If Bitcoin fails to maintain its current price level, it could trigger a pullback toward crucial support areas like the point of control (POC) and the 0.618 Fibonacci retracement. These zones are expected to act as potential support points if the value area high (VAH) is broken.