Coindesk Analyst: BTC may show a double top pattern, expected to possibly fall to $75,000
According to an article by Coindesk analyst Omkar Godbole, Bitcoin (BTC) may be forming a double top reversal pattern on the daily chart. As it failed to maintain above its December high last week, BTC seems to have formed a double top pattern with neckline support around $91,300. If it breaks below this neckline support level, it could trigger a drop to $75,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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