Bitcoin: Potential Price Pullback Amidst Bullish Macro Trends

Despite a bullish macro outlook for the cryptocurrency market, recent technical analysis of Bitcoin hints at potential short-term price decline before resuming its upward trajectory. Factors driving this prediction include the 50-day moving average resistance and the M2 global liquidity index, which suggests continued consolidation before a possible breakout. Notably, the analysis points to an inverse head and shoulders pattern in Bitcoin’s price structure, coinciding with the 50-week moving average at around $77,000. This technical confluence offers support if the current trend breaks down.