Bitcoin’s Bearish Pattern Sparks Concerns about a Deeper Correction

After a brief rally, Bitcoin faced a setback this week, pulling back to the $90,000 level from the highs around $92,000. The relief rally appeared to falter as sellers regained momentum leading up to the weekend. Despite initial bullish signs, a significant sell-off unfolded, signaling a potential reversal in market trends. Analysts are closely watching Bitcoin’s chart patterns for clues about future direction, with one prominent analyst, Linton Worm, highlighting a concerning bearish head-and-shoulders pattern.