Bitcoin (BTC) may be forming a double top reversal pattern, which could lead to a price drop to $75,000, according to technical analysis. A double top formation occurs when an asset reaches two consecutive peaks at a similar price level with a pullback in between. If the asset fails to break higher than the previous peak and breaks below the neckline support, it suggests a possible trend reversal. BTC has fallen below $100,000 after failing to sustain gains above the December highs, creating a double top with neckline support at $91,300. If Bitcoin closes below $91,300, it could confirm a downtrend reversal and potentially trigger a drop to $75,000. Traders are closely monitoring Bitcoin's support levels to determine if the double top formation confirms a breakdown, which could indicate more downward pressure. The next few days' price movements will be crucial in determining whether BTC continues its bull run or experiences a deeper correction.



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