Market analyst Aksel Kibar has conducted a sharp analysis of the possible trend of BTC, emphasizing that if a specific chart pattern is realized, the target price would be $80,000. His research is based on the key pattern that BTC price seems to be forming: the head and shoulders pattern, which may affect the future trend of the asset. According to Kibar, this downturn may be a retest of the expansion pattern, ultimately leading to BTC breaking through $73,700.

In the recent rebound of BTC, this level has acted as a key threshold, with the price surging above this level, creating a new range. The pullback is seen as a test of the effectiveness of the breakthrough, and if the H&S pattern continues to develop, $80,000 could become a potential downside target. The fusion of technical and behavioral indicators is the main conclusion of the analysis.

Kibar pointed out that the subconscious and extremely confident response of the market community is often a sign of high speculative sentiment, which may trigger a correction. This behavioral observation is consistent with the historical trend of retracement after the initial breakthrough of the expansion pattern.

According to the chart, in order to avoid a larger pullback, it is necessary to hold key support levels such as $91,000 and $87,000. If these levels are broken, it may exert additional bearish pressure, pushing the price down to $80,000. On the other hand, a rebound above $100,000 will render the bearish H&S pattern meaningless and pave the way for further bullish momentum.