Bitcoin Risks Drop to $71k as Rounded-Top Pattern Takes Shape
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Will these four macro threats push Bitcoin below $76,000 this week?
Bitcoin is back in the red on Tuesday after rallying above $79,000 on Monday. The leading cryptocurrency by market cap has lost more than 1% of its value in the last 24 hours and now trades below $77,000. The latest decline strengthens the possibility of a correction toward the $70,000–$71,000 region, particularly if Bitcoin confirms the rounded-top pattern developing on its chart. Three macro threats put pressure on Bitcoin Bitcoin is underpe…
Cryptocurrency News | Cryptocurrency Prices | Market Cap
CoinjournalBitcoin risks drop to $71k as rounded-top pattern takes shape
Key takeaways Bitcoin's four-hour chart is forming a potential rounded-top pattern after its rally from $63,000. The $76,000–$76,300 region serves as the pattern's critical neckline and support zone. A decisive breakdown could produce a technical downside target near $70,900–$71,000. Bitcoin could...
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