ANALYSIS: Bitcoin Technicals Show Head-and-Shoulders Pattern, May Test $88,000 and $74,000 Support Successively

Gold Finance reports that Intouch Capital Markets analyst Piotr Matys has warned that Bitcoin has broken below the important support level of $91,600, showing a head-and-shoulders pattern in the technical picture, which signals that the trend may be turning from long to short. FxPro Chief Analyst Alex Kuptsikevich further predicted that if the bearish sentiment continues, Bitcoin may test the support levels of $88,000 and $74,000 successively. Alex Kuptsikevich, chief analyst at FxPro, further predicts that if bearish sentiment persists, Bitcoin could test the $88,000 and $74,000 support levels.