Bitcoin Creating a Classic Bearish Reversal Signal

Bitcoin is forming a Head & Shoulder pattern, a classic bearish reversal setup.

The right shoulder is in the making, and for that price might fall towards the neckline support around near 104000 level, a crucial zone to watch.
The immediate support exists near 110500, if breached successfully, the probabilities of reaching the 104000 zone will rise.

A confirmed break below the neckline could accelerate downside momentum toward $100,000–$98,000.

RSI is trending lower, showing weakening momentum and supporting the bearish outlook.

If neckline holds, a short-term bounce is possible, but overall structure favors sellers.

Also on the weekly chart, a clear Evening Star pattern has been creating (while writing this analysis)

Hence, taking double confirmation from the daily & weekly chart, Bitcoin prices are expected to fall.