Bitcoin (BTC) Forms Interesting Chart Pattern with $58,000 Target 📈
#Bitcoin is exhibiting a head and shoulders pattern on its chart, and a crypto analyst believes this could lead to a target price of $58,000 if there's a resistance break.
Additionally, the stablecoin supply ratio (#SSR ) suggests that the purchasing power of stablecoins has been increasing, potentially indicating that large investors have been accumulating stablecoins in anticipation of higher Bitcoin prices.
Overall, this might suggest a #positive trend when significant buyers reenter the market. As with all crypto predictions, caution is advised given the market’s inherent volatility.