Bitcoin Forms Risky Head-And-Shoulders Pattern, Points To $44K Target

Bitcoin is experiencing a steady decline, as prices dipped below $60,000 in the past week. The leading cryptocurrency has struggled to sustain upside momentum after multiple rejections at the $82,000 price level over the last month. Meanwhile, analysts remain divided between the potential of a resurgence and the possibility of another extended correction. Market expert Leshka.eth, with X username Leshka.eth, has aligned with the pessimists, sharing a recent analysis projecting a 41% decline in Bitcoin’s price. Related Reading: Glassnode Says Bitcoin Options Traders Are Still Positioned For Trouble 26 EMA Rejection Confirms Brewing Selling Pressure In an X post on May 22, Leshka.eth shares a bearish price projection for Bitcoin, anchored in the formation of a Head & S...