#Bitcoin is currently forming a bearish harmonic pattern indicating a potential correction toward key support zones.
📉 The price action suggests the development of a Gartley pattern with projected downside targets around $103,679, $101,931, and possibly extending to $97,419.
A critical resistance zone between $105,000 and $106,000 will be pivotal for either confirming bullish momentum or triggering a bearish reversal.
If BTC fails to break through this resistance and confirms the bearish reversal signal, a deeper decline toward the aforementioned support levels becomes highly probable.
🎯 Target 1: $103,679
🎯 Target 2: $101,931
🎯 Target 3: $97,419
📉 The price action suggests the development of a Gartley pattern with projected downside targets around $103,679, $101,931, and possibly extending to $97,419.
A critical resistance zone between $105,000 and $106,000 will be pivotal for either confirming bullish momentum or triggering a bearish reversal.
If BTC fails to break through this resistance and confirms the bearish reversal signal, a deeper decline toward the aforementioned support levels becomes highly probable.
🎯 Target 1: $103,679
🎯 Target 2: $101,931
🎯 Target 3: $97,419
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.