Bitcoin forms a double top pattern, overall trend down, target 5
2024-10-21

Bitcoin forms a double top pattern, overall trend down, target 59K!

Bitcoin recently completed a double top pattern near 66,500.

The initial price reaction has been positive, increasing the likelihood of a bearish movement beginning. This conciliatory pattern adds more weight to the bearish scenario we are considering.

However, from a different perspective, Bitcoin has been undergoing significant ups and downs. When we look at past movements, Bitcoin is currently in a similar zone.

I am looking for opportunities to take profits near strong areas