Bitcoin’s recent price recovery appears to be losing momentum as a double top bearish reversal pattern emerges on short-term charts. After reaching a peak near $87,400 last week, Bitcoin’s price fell back to around $84,000 before attempting another rise above $87,000 but then stalled again. This pattern suggests a potential end to its upward trend, ...
Bitcoin (BTC) is currently experiencing a potential shift as it hovers around $100,000. Analysts suggest that if Bitcoin forms a ‘double top’ bearish reversal pattern, it could see a drop to $75,000. A double top occurs when the price peaks twice at similar levels without breaking above the first peak, indicating a weakening uptrend. The ...
Bitcoin might face a significant drop to $75,000 if it confirms a ‘double top’ bearish reversal pattern. This pattern forms when Bitcoin peaks at similar price points twice, struggling to surpass the previous high. Currently, Bitcoin is trading around $100,000 after failing to maintain the December peak, indicating a potential double top formation with key ...
