BTCUSDT- Double top formation - Target: 58K!
2024-10-24

BTCUSDT- Double top formation - Target: 58K!

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