RE: Head and Shoulders Pattern in on Bitcoin Price Chart

This is a very clear and well-explained technical breakdown. The Head and Shoulders pattern on the weekly chart is definitely a significant bearish signal that traders are watching closely, and the break of the RSI support is equally concerning.

However, this is where the dichotomy between a trader's and an investor's timeframe becomes critical. While the charts point to a potential test of $70K, it's happening against a fundamental backdrop of relentless institutional accumulation, as we just saw with the return of ETF inflows.

My question is: If price does wick down to that $70K 'head' level, do you see that as a capitulation event and a final flush-out before a reversal, given the overwhelming long-term bullish fundamentals (ETFs, adoption, halving cycle)?

Thanks for sharing this analysis—it's a crucial piece of the puzzle for assessing short-term risk, even for long-term holders.