Cryptocurrency analysts have identified a technical pattern that suggests the price of Bitcoin could fall to $41,000, according to recent market analysis shared this week.
summary
- Bitcoin analyst Tony Severino has identified a weekly harmonic shark pattern.
- A key target of $41,000 indicates a possible bullish reversal once the final leg is completed.
- Short-term price trends are very important and failure at resistance levels can lead to a pullback to support levels.
Cryptocurrency analyst Tony Severino said Wednesday that Bitcoin is forming an unusual weekly harmonious pattern known as a “shark.” According to Severino’s chart analysis, this pattern shows an ABCD harmonic structure, with point “D” being the main target, which corresponds to the $41,000 level.
Bitcoiners worry about what whales are doing when there may be sharks in the water
Believe it or not, this is a *bullish* harmonic pattern
It’s really hard to ignore the Fib ratio on this pic.twitter.com/qKdVhUgqdw
— Tony “The Bull” Severino, CMT (@TonyTheBullCMT) November 26, 2025
Analysts pointed out that harmonic patterns usually depend on certain Fibonacci ratios in their formation. Severino said that although the pattern suggests potential downside, the harmonic shark pattern is traditionally considered a bullish reversal signal once the final leg is completed.
Separately, cryptocurrency analyst Ted Pillows published a technical analysis outlining both bearish and bullish scenarios for Bitcoin depending on short-term price trends. Pillows’ predictions focus on the key levels Bitcoin must recover to avoid a more severe correction.
The Binance whale is now hitting the sell button. pic.twitter.com/QYVdB4yTzB
— Ted (@TedPillows) November 28, 2025
According to Pillows’ chart analysis, there are two potential outcomes. If Bitcoin regains and maintains a position above the identified resistance zone, the momentum could push the cryptocurrency towards higher goals. Conversely, if Bitcoin fails in the resistance range, a pullback to nearby support levels is expected, and failure at these supports could expose the market to further downside.
Analysis shows that Bitcoin has partially recovered following the recent selloff, but is approaching a major resistance range that will determine the next directional move as characterized by Pillows.
read more: The most influential voices in the MENA region will tackle the 12,000-attendee Bitcoin MENA event this December.
