The whale&#8217;s strategy shift highlights market volatility&#8217;s impact on trading 
behaviors and the potential for significant market influence.
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BTC whale switches from $91M short to 3x long position

A crypto analyst has shared a technical analysis for the Bitcoin price, 
predicting a foreboding crash to $41,000. According to the analysis, Bitcoin 
has formed an unexpected harmonic “Shark” pattern that could extend its 
downtrend. While a drop to this low level could amplify the fear and 
uncertainty already plaguing the market, the analyst highlights that the 
appearance of this pattern is usually bullish. Shark Pattern Signals Bitcoin 
Price Crash To $41,000 Crypto analyst Tony Severino disclosed on X this 
Wednesday that Bitcoin is forming a rare bullish harmonic pattern on the 
weekly timeframe. Severino warns that rather than worrying about BTC whale 
activity, traders should not overlook this distinct pattern, describing it as 
a “Shark in the water.” Related Reading: XRP 100x Rally To $225: Why The Only 
Place To Go Is Up In his accompanying chart, the analyst traced the Shark 
pattern, showing an ABCD harmonic structure. He set his primary target at “D,” 
which aligns with the $41,000 level. Based on the pattern’s projected 
trajectory, the analyst believes Bitcoin is likely to face more downside. He 
predicts that the cryptocurrency could still crash to around $41,000, 
eliminating more than 55% of its current price of over $91,000. Notably, 
Severino highlighted that harmonic patterns, such as the one observed in the 
BTC chart, often rely on specific Fibonacci ratios. As a result, the figures 
observed in the current setup are hard to ignore. While his initial 
projections are significantly bearish, the analyst highlights that a harmonic 
Shark pattern is traditionally considered a bullish reversal signal once the 
final leg completes. Bitcoin’s Next Move Stuck Between Bearish And Bullish 
Another crypto analyst, Ted Pillows, has shared a technical analysis of the 
Bitcoin price outlook. However, his report outlines a bearish and bullish 
outcome depending on how BTC’s price moves in the coming days. Pillows’ 
forecast centers on the levels Bitcoin must reclaim to avoid a deeper price 
correction. Right now, the cryptocurrency is trading above $91,500 after 
falling by approximately 20% over the past month. Bitcoin has also faced 
significant negative sentiment despite its recent price recovery. Related 
Reading: XRP Has Just Flashed ‘The Real Signal’, Analyst Reveals Where Price 
Is Headed In his post, Pillows noted that after breaking back above $89,000, 
Bitcoin is now moving higher, approaching a heavy resistance range between 
$93,000 and $94,000. The analyst has identified this region as a critical 
decision point that will determine the cryptocurrency’s next direction. His 
chart analysis outlines two potential outcomes. If Bitcoin reclaims and stays 
above the resistance zone, it could open the door for momentum to push its 
price above $100,000. Surpassing this threshold could also see the 
cryptocurrency climb toward $106,000 and $108,000. On the other hand, if BTC 
rejects the $93,000-$94,000 range, Pillows expects a retreat toward $88,000. 
Should this level fail as well, he has set a lower support zone between 
$80,000 and $82,000. Further decline below this range could drag Bitcoin’s 
price down toward $78,600. Featured image created with Dall.E, chart from 
Tradingview.com

The Bitcoin Price Crash To $41,000: There’s A Shark In The Water

Switzerland will adopt the crypto-asset reporting framework in law from 2025 
but delay automatic cross-border crypto tax data-sharing until at least 2027. 
Switzerland has postponed the implementation of rules permitting automatic 
sharing of cryptocurrency account data with foreign tax authorities…

Switzerland delays automatic crypto tax data-sharing with foreign authorities until at least 2027

Tether halts Bitcoin mining in Uruguay, reportedly dismissing 30 staff amid 
rising energy costs and a $4.8 million debt dispute with state power firm UTE.

Tether confirms Uruguay Bitcoin mining exit amid high energy prices

Web3 technologies allow sectors like finance, identity, and AI to coordinate 
securely across independent networks.

Cryptocurrency price in IDR