The price of $BTC is sending bearish signals on the daily chart. It has formed a death cross pattern and is below the Supertrend indicator.

BTC is also forming a bearish pennant pattern and the two lines of the symmetrical triangle are approaching their confluence.

Therefore, it is likely that the coin will fall in the coming weeks, with an initial target of $80,000, the lowest point of November. A drop below that price could cause it to plummet to the April low of $74,000.

BTC

87,361.3

-0.56%