Hello fellow traders and crypto enthusiasts! 📈📉
I wanted to share an observation on BTCUSD's recent movements on the daily timeframe. It appears that Bitcoin has reached a significant resistance level, forming a compelling two time Double Top pattern. The neckline of this pattern has been breached, signaling a potential bearish move ahead.
As we await a retest, my analysis points towards a downward trajectory, with a target set at 38950.00. It's always fascinating to witness these technical patterns in action within the volatile crypto markets.
Stay tuned for further updates and let's keep a close eye on these developments together!
I wanted to share an observation on BTCUSD's recent movements on the daily timeframe. It appears that Bitcoin has reached a significant resistance level, forming a compelling two time Double Top pattern. The neckline of this pattern has been breached, signaling a potential bearish move ahead.
As we await a retest, my analysis points towards a downward trajectory, with a target set at 38950.00. It's always fascinating to witness these technical patterns in action within the volatile crypto markets.
Stay tuned for further updates and let's keep a close eye on these developments together!
