Bitcoin has recently formed a small double top pattern. Although the price is stable at 63000, it has not always broken through the upward resistance level, and from the daily line, Bitcoin is about to fall below the neckline and further decline.
The recent announcement of the Federal Open Market Committee meeting and the news of the interest rate cut has produced some pullback in the price of Bitcoin, but it has not shown any significant increase in recent days, and if this continues, Bitcoin may continue to move downward.
If this trend continues, Bitcoin could fall further, possibly reaching the 54k level.
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