Bitcoin is about to make a serious move to the downside. Set stop loss as always!!!!

By Crypto by Targets | Bitcoin 2026: 4 Major Developments to Watch | 15 Jan 2022

Fact: Bitcoin was rejected twice at $44500 & $43430. The current price is $43385.

As mentioned previously, even bitcoin seemed to have supported by $39650 and since then it rebound to $44500. On a weekly chart, the fact that bitcoin's confirmation has not been formed, little while ago the price was rejected by $44500. At the same time, a head & shoulder pattern is forming up which shows bitcoin is in fact still in the bearish trend.

Personal view: Bitcoin will come down to retest 39k once again as confirmation has not been formed. At the same time, the head and should pattern is indicating a strong move to the downside is about to happen which means it is very likely bitcoin will break $39600 to $32500.

***As mentioned before bitcoin at some point may retest 2018 ATH between 18-19k which could turn into the next support.

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Crypto by Targets

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Bitcoin 2026: 4 Major Developments to Watch

1. Post-Halving Results In By 2026, the effects of the 2024 Bitcoin halving will be clear. The market will show if the historic "bull run" pattern still holds true for the larger, more mature asset. 2. Real-World Use Cases Arrive This is the year Bitcoin’s Layer-2 solutions, like the Lightning Network, face their real-world test. Will we finally be able to use Bitcoin for everyday transactions easily and cheaply? 3. Regulations Become Real The regulatory landsca