One Selling Pattern Reveals the Next Major Bitcoin Price Risk of 2026
BeInCrypto
Bitcoin faces a potential 14% correction due to a head and shoulders pattern, capitulating short-term buyers, and high-leverage long positions.Summary
Bitcoin is showing signs of a significant price correction as on-chain data reveals that short-term buyers are exiting their positions. A head and shoulders pattern on the daily chart, combined with a dangerous concentration of over $1 billion in long liquidation leverage near the $64,500 level, suggests that a breakdown could trigger a cascading sell-off. Analysts warn that if Bitcoin fails to hold key support levels, it could drop toward the $60,000 range, though a recovery above $69,132 would be required to invalidate this bearish outlook.
(Source：BeInCrypto)