{"id":13265,"date":"2026-09-15T11:42:26","date_gmt":"2026-09-15T11:42:26","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=13265"},"modified":"2026-09-15T11:42:26","modified_gmt":"2026-09-15T11:42:26","slug":"bitcoin-risks-drop-to-71k-as-rounded-top-pattern-takes-shape","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=13265","title":{"rendered":"Bitcoin risks drop to $71k as rounded-top pattern takes shape"},"content":{"rendered":"
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Key takeaways<\/span><\/p>\n
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Bitcoin\u2019s four-hour chart is forming a potential rounded-top pattern after its rally from $63,000.<\/span><\/li>\n
The $76,000\u2013$76,300 region serves as the pattern\u2019s critical neckline and support zone.<\/span><\/li>\n
A decisive breakdown could produce a technical downside target near $70,900\u2013$71,000.<\/span><\/li>\n<\/ul>\n
Bitcoin could decline toward $71,000 if a potential rounded-top pattern on its four-hour chart confirms with a decisive breakdown below the $76,000 support level.<\/span><\/p>\n
BTC rallied from approximately $63,000 in mid-August before reaching the $80,000\u2013$81,500 region.\u00a0<\/span><\/p>\n
However, bullish momentum has since weakened, with the price gradually curving lower and forming the dome-like structure associated with a rounded top.<\/span><\/p>\n
Weak spot-market demand is adding to the bearish risk, even as demand for Bitcoin perpetual futures remains positive.<\/span><\/p>\n
Bitcoin rounded top places $71,000 in focus<\/h2>\n
Bitcoin\u2019s potential rounded top has developed following its strong recovery from the August lows.<\/span><\/p>\n
The cryptocurrency was trading near $76,870 on Monday, September 15, holding above an important support zone between $76,000 and $76,300. This area effectively represents the neckline of the bearish chart formation.<\/span><\/p>\n
A decisive four-hour candle close below the zone could confirm the pattern and increase the probability of a deeper correction.<\/span><\/p>\n
The distance between the pattern\u2019s peak and neckline is approximately $5,000 to $5,300. Subtracting this range from a possible breakdown near $76,000 produces a downside target between $70,900 and $71,000.<\/span><\/p>\n
Technical indicators show market indecision<\/h2>\n
Bitcoin\u2019s four-hour Relative Strength Index stood near 54.5, reflecting broadly neutral momentum rather than strongly overbought or oversold conditions.<\/span><\/p>\n
BTC was also trading around its 20-period, 50-period, and 100-period exponential moving averages. The clustering of these indicators highlights the continuing struggle between buyers and sellers.<\/span><\/p>\n
A sustained recovery above the $79,500\u2013$80,000 range would weaken the rounded-top scenario. A breakout above the recent highs near $81,500 would largely invalidate the bearish formation and restore the case for further gains. Until then, the $76,000 support remains the most important level to monitor.<\/span><\/p>\n
Bitcoin\u2019s underlying demand profile provides limited support for the bullish outlook. CryptoQuant\u2019s 30-day demand-growth data shows that demand in the perpetual futures market remained positive during September. Spot demand, however, stayed negative.<\/span><\/p>\n
<\/p>\n
Consequently, Bitcoin\u2019s overall demand remained below zero despite continued activity from derivatives traders.<\/span><\/p>\n
The divergence suggests that leveraged futures positions are driving much of the recent buying pressure rather than investors accumulating BTC directly through the spot market.<\/span><\/p>\n
Futures-led demand makes BTC vulnerable<\/h2>\n
A rally driven primarily by derivatives can be more fragile than one supported by strong spot buying.<\/span><\/p>\n
Futures demand can disappear quickly when traders close leveraged positions or face liquidations during a price decline. This can accelerate selling and increase volatility if Bitcoin breaks below an important support level.<\/span><\/p>\n
A somewhat similar divergence developed in January and February 2026, when futures demand briefly recovered before overall demand and Bitcoin\u2019s price weakened.<\/span><\/p>\n
The current structure does not guarantee the same result. However, without a recovery in spot demand, a confirmed breakdown below $76,000 would make the rounded-top target near $71,000 increasingly relevant.<\/span><\/p>\n
Key takeaways Bitcoin\u2019s four-hour chart is forming a potential rounded-top pattern after its rally from $63,000. The $76,000\u2013$76,300 region serves as the pattern\u2019s critical neckline and support zone. A decisive breakdown could produce a technical downside target near $70,900\u2013$71,000. Bitcoin could decline toward $71,000 if a potential rounded-top pattern on its four-hour chart confirms with<\/p>\n","protected":false},"author":1,"featured_media":13266,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-13265","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eurozone"],"yoast_head":"\n
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![\"\"](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/09\/ChatGPT-Image-Sep-15-2026-09_34_22-AM.png\")
\n<\/picture> <\/div>\n<\/p><\/div>\n![\"BTC\/USD](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/09\/BTCUSD_2026-09-15_09-32-11.png\")
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