Bitcoin (BTC) is at risk of dropping to $75,000 if it triggers a double top bearish reversal pattern. A double top pattern occurs when there are two consecutive peaks at around the same price, with a trendline drawn through the low point between these peaks. If BTC fails to break above the previous peak and subsequently declines, it suggests that the uptrend is losing momentum. BTC has pulled back to $100,000 and appears to have formed a double top, with support at around $91,300. If BTC closes below this support level, it could confirm the bearish reversal pattern and potentially lead to a decline to $75,000.



Other News from Today