Technical analysis by I_M_Shoaib about Symbol BTC on 9/26/2025

BTC chart appears to be playing out a pattern in spirit of a Head and Shoulders pattern, which typically signals a potential bearish reversal. Based on the recent double top observed on 14 August 2025, the percentage decline from that peak to the neckline of the pattern is approximately 17.14%. If this pattern plays out as expected, it suggests a further downside of around 17.14%, equating to roughly $19k, which would bring BTC’s price down to $90k-$91k. This target level is supported by three key technical confluences: - A multi-month ascending trendline connecting major pivot lows dating back to Aug 2024 - 61.8% Fibonacci retracement level, often considered a significant support zone - A strong support zone on Daily timeframe Given these factors, the probability of a continued decline appears high, and further downside pressure may be imminent.