Bitcoin's Head-and-Shoulders Strengthens After Last Week's Fakeout
Bitcoin (BTC) is trading with renewed volatility as a head-and-shoulders pattern has reasserted itself after last week's brief fakeout. The left shoulder, head and a forming right shoulder are visible on intraday charts and price action has pushed toward the neckline; volume remains mixed, so confirmation is not yet clear. If the neckline yields on stronger selling, technical projections suggest a deeper pullback that could amplify short-term downside pressure.
Why this matters: a confirmed breakdown would likely accelerate selling and shift short-term sentiment across crypto markets, while a rejection or bullish breakout would invalidate the pattern and may provoke short-covering and a squeeze. Traders should watch for clear confirmation signals, manage position sizing, and expect elevated intraday swings as the structure resolves. This is market analysis, not financial advice.