Cryptocurrency analysts own identified technical patterns suggesting Bitcoin trace may perhaps well well decline to $41,000, in maintaining with recent market analysis shared this week.
- Bitcoin analyst Tony Severino identified a weekly harmonic Shark pattern.
- A predominant goal at $41,000 signals a doubtless bullish reversal as soon as the final leg completes.
- Near-timeframe trace motion is pivotal—failure at resistance may perhaps well well lead to a retreat in the direction of reinforce ranges.
Crypto analyst Tony Severino acknowledged Wednesday that Bitcoin is forming a rare harmonic pattern recognized as a “Shark” on the weekly timeframe. The pattern displays an ABCD harmonic construction with a predominant goal at point “D,” which corresponds to the $41,000 stage, in maintaining with Severino’s chart analysis.
Bitcoiners are insecure about what whales are doing when there’s a that you just may perhaps well well imagine Shark in the water
Mediate it or no longer that is a *bullish* harmonic pattern
Of course onerous to ignore the Fib ratios on this one pic.twitter.com/qKdVhUgqdw
— Tony “The Bull” Severino, CMT (@TonyTheBullCMT) November 26, 2025
The analyst eminent that harmonic patterns normally rely on issue Fibonacci ratios in their formation. Severino acknowledged that while the pattern suggests doubtless downside, harmonic Shark patterns are traditionally regarded as bullish reversal signals as soon as the final leg completes.
Individually, crypto analyst Ted Pillows released technical analysis outlining every bearish and bullish scenarios for Bitcoin reckoning on near-timeframe trace motion. Pillows’ forecast specializes in key ranges Bitcoin must reclaim to withhold far from deeper correction.
Binance whales are hammering the sell button now. pic.twitter.com/QYVdB4yTzB
— Ted (@TedPillows) November 28, 2025
In accordance with Pillows’ chart analysis, two doubtless outcomes exist. If Bitcoin reclaims and maintains a attach above an identified resistance zone, momentum may perhaps well well push the cryptocurrency in the direction of elevated targets. Conversely, if Bitcoin fails on the resistance vary, a retreat in the direction of shut by reinforce ranges is expected, with failure at these helps potentially exposing the market to extra downside.
Bitcoin has recovered partially following a recent decline nevertheless is drawing shut what Pillows characterized as a heavy resistance vary that can resolve the next directional switch, in maintaining with the analysis.
