🚨 BTC Next Major Move? $38,000 Ahead? 📉
Bitcoin analysis by Crypto_LUX breaks down the market using fundamentals, macroeconomics, and technical structure to project Bitcoin’s next big move 👇
📊 Main Structure: Bearish Head & Shoulders Pattern The chart is currently forming a classic bearish Head & Shoulders setup.
🔹 Left Shoulder: First major rejection near 108K
🔹 Head: New ATH push around 125K followed by aggressive sell pressure
🔹 Right Shoulder: Weak recovery into the 95K–100K zone, failing to print new highs
⚠️ Once the neckline/support trendline broke after rejection from the right shoulder:
• Bearish momentum took control 📉
• Liquidity below started getting hunted aggressively
• BTC quickly dropped toward the 65K zone
The entire move from 95K → 60K aligns with the measured breakdown target of the pattern.
📌 And if you remember, when BTC broke below 74.5K, the projected downside target was 62K — which played out almost perfectly.
👀 If bearish pressure continues and macro conditions weaken further, the market could still be setting up for an even deeper correction toward the 38K region.
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