Bitcoin Has Repeated Pattern Like Russian DollBitcoin / TetherCOINBASE:BTCUSDTaibekBack in May, I posted this pattern already and it plays out now Famous Head and Shoulders pattern is in the making again but on the lower price level All parts are in place already as the Right Shoulder has been shaped completely and the price reached the Neckline So, the price is about to trigger down the Neckline, which aligns perfectly with the Volume Profile support area (blue circle) around $61k If target is measured by classic approach then it goes negative based on the height of the Head deducted from the Neckline. Let's skip this extreme outcome and focus on possible support areas. 1st support is represented by largest traded volume (red line) at $27k 2nd support is located at the bottom of 2022 at $15.6k