$BTC AnalysisBitcoin / TetherUSBINANCE:BTCUSDTMISANTHROPE3This is what I’m expecting from Bitcoin. First, the bigger pattern on the higher timeframes — which has been quite repetitive — was broken but failed to sustain any meaningful upside. Now it’s forming a similar pattern on a smaller scale. Of course, you wouldn’t expect it to break the pattern successfully on the first attempt, which is why I’ve remained bearish on Bitcoin. The resistance line from the previous pattern is now acting as support. I expect Bitcoin to retest it around $56K–$57K. However, if bears push harder, we could see a deeper move into the $50K–$53K zone, which is a strong historical support area. After that, I’d expect another attempt to break the pattern to the upside. But there are two major risks: 1. Momentum has been extremely weak after the larger pattern broke. Even if we get a bullish breakout, I doubt it will have enough strength to go very far. 2. If price reaches the $50K area again, there are multiple resistances overhead. Weak buying pressure could easily drag Bitcoin back into the previous cycle’s trading range. 3. the long term support line is already broken, failing to reclaim it is bad news alone. Looking at the monthly chart, a potential Inverse Head & Shoulders pattern is visible. Losing $50K could open the door for a much deeper drop toward the $30K neckline — similar to what happened in 2019. on the bright side Bitcoin might be forming the head of potential inverted H&S, if we have a bullish breakout from this pattern Bitcoin will get back on track and surely make a new High or even a new ATH.