Bitcoin might be heading for a serious short-term correction, according to a recent chart shared by popular analyst Crypto Patel. He pointed to a Head and Shoulders pattern forming on the BTC chart, which could signal a breakdown to as low as $95,000 if support levels fail to hold.
This pattern is one of the most recognizable bearish setups in technical analysis. It usually appears when an asset has been in an uptrend but starts to show signs of weakness. In this case, Bitcoin’s recent rally up to $111,800 appears to be losing steam, with lower highs forming on the chart since late May.
The key level to watch now is around $103,300. That’s where the “neckline” of the Head and Shoulders sits, and it has been acting as support. If Bitcoin closes decisively below that line, the pattern could be confirmed, and Bitcoin the price might fall as much as 8.5% from there. That would put the next major support zone in the $94,500–$95,000 range.
Crypto Patel’s chart also highlights that this lower zone is a strong area of demand. Buyers previously stepped in around that level, and they might do so again. In fact, the analyst believes this could become a classic “buy the dip” opportunity for long-term bulls if the price corrects further.
Right now, Bitcoin is hovering just above $104,000. The market seems undecided, with some traders still hopeful that support will hold and the uptrend will resume. But the pattern is starting to look heavy, and pressure is building.
What makes this setup more important is that it comes after a period of high volatility and major ETF-driven rallies. Many traders are watching to see if Bitcoin can maintain strength or if it needs a reset before its next leg up.
In the coming days, the $103K level will likely act as a make-or-break line for Bitcoin. If bulls lose control there, the market could see a quick drop to the $95K region. But that drop could also bring opportunity — especially for those waiting on the sidelines for a better entry.
Stay alert. Bitcoin’s next move might come faster than anyone expects.
Read also: Top 3 Altcoins to Watch in Late 2025, According to This Expert
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