Bitcoin's weekly chart has formed a head-and-shoulders pattern, indicating a potential bearish continuation, according to analyst Linton Worm. The cryptocurrency has failed to break a long-term trendline and has fallen below multi-year support levels. Worm suggests that if the pattern completes, Bitcoin could drop to the mid-$50,000 range. However, a rebound above $95,000–$97,000 could invalidate this bearish outlook and lead to short-liquidations. The upcoming 1–2 weekly closes will be crucial in determining Bitcoin's market direction.