BTC Seeks $60K as Second Bullish Pattern Emerges Amid Capital Rotation

A potential bull run for Bitcoin is emerging as it forms a second bullish pattern, but challenges from macroeconomic conditions and geopolitical tensions may hinder its growth.

The current capital rotation out of cryptocurrencies into promising tech sectors could keep a lid on BTC prices in the mid-term, with experts cautioning that buy signals should be treated with care while sell signals might yield better results.

A bullish inverse head and shoulders pattern is forming if Bitcoin stays above $60,000, but a previous W-shaped setup was invalidated as it failed to climb above the $66,000 threshold.