Bitcoin (BTC) is trading at $77,577, down more than 1% this month as geopolitical tensions and rate expectations weigh on risk assets. Analysts identified a head and shoulders pattern on four-hour charts projecting a $71,000 target if price fails to reclaim the neckline. Seasonal data points to a similar target around $72,831 following Bitcoin’s 24.95% gain in August. However, Glassnode places structural support much lower, between $62,000 and $65,000.
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