I just saw this news on Binance this morning, and truly for the past few days Bitcoin seems to be depreciating.
On Jan 8 Bitcoin experienced it second-steepest daily decline which has now further lead to market uncertainties.
And according to Binance if Bitcoin closes below $90,000 on the daily chart, analyst warns of a deeper crash . And a confirmed inverse head-and-shoulders pattern could lead to a further 20% drop potentially targeting $71,500.
What are your take on this?
I have read a lot of different predictions about where bitcoin price could go down to if this or that happens and pretty enough they would always have something convincing to backup their thoughts with but by experience I can't imagine not seeing bitcoin price making corrections after a new ATH must have been met which is why I really dont take all of these predictions very seriously, maybe not for now.
This thread
https://bitcointalk.org/index.php?topic=5525670.msg64929732#msg64929732 also tell if an article that analyse bitcoin price to fall to $70k base on a head and shoulder forming pattern and I am suggesting it wouldn't be anything different from what op have seen on binance.