The Head and Shoulders technical pattern has just formed on the Bitcoin price chart , signaling that a possible crash may be imminent. According to a crypto analyst, this classic bearish reversal formation could trigger a sharp pullback , potentially driving Bitcoin down to $95,000 in the near term. Analyst Warns Of Looming Bitcoin Price Crash Crypto Patel, a technical and fundamental analyst on X (formerly Twitter), has issued a stark warning about Bitcoin’s short-term price outlook. Despite the flagship cryptocurrency reaching fresh all-time highs recently and outperforming most altcoins in the market , Crypto Patel still believes that BTC could be on the verge of a significant price crash. His bearish forecast centers around the appearance of a Head and Shoulders pattern on the 3-hour Bitcoin price chart—a technical formation often considered a strong indicator of trend reversals . According to Crypto Patel, this pattern is already in motion and signals a potential breakdown that could drag the BTC price down to $95,000 in the coming sessions. At the time of writing, Bitcoin is trading at $105,409, meaning a possible drop to $95,000 would represent a massive 9.87% price crash. Crypto Patel also highlights that this looming decline hinges on one crucial level: the neckline of the Head and Shoulders pattern , currently located at $103,000. This neckline acts as a critical support level, separating the current consolidation phase from a possible bearish spiral . Should Bitcoin break below this neckline, it could open the door to aggressive sell pressure . Crypto Patel’s technical projections further confirm that failing to hold the neckline support area will solidify Bitcoin’s likely breakdown to the $95,000 zone, marking an 8.74% decline from $103,000. Bitcoin could also crash even lower than the initial $95,000 target. Crypto Patel’s chart highlights a possible decline between $94,600 and $93,600 for the flagship cryptocurrency. This zone is also expected to serve as a lower support area for BTC to prevent further price declines. Support Zone Could Offer Buy-Dip Opportunity Despite the bearish implications and a possible increase in sell pressure, all eyes are on the strong support zone just below $95,000, which Crypto Patel suggests could attract significant buying interest. The analyst warns that this breakdown zone may be a battleground for short-term bears and long-term bulls. Related Reading: Bitcoin Bull Market Not Over: Analyst Reveals Why August 2025 Is The Target If the price falls to this level, the analyst notes that it could serve as a strong buy-the-dip opportunity for long-term investors, especially those awaiting a more favorable entry point after Bitcoin’s recent ATH rise near $112,000 . Given this outlook, market participants are expected to keep a close watch on the $103,000 neckline as a potential breakdown point and the support zone below $95,000 for an optimal buying opportunity.
