BTC Confirms a Double Top Pattern! What’s Next?
Updated
BTC Confirms a Double Top Pattern! What’s Next?
Bitcoin has recently formed a small double top pattern. The price has already broken down from the neckline, confirming a further decline.
Speculation is high regarding the upcoming FOMC meeting and the potential rate cut they might announce. However, BTC has remained indifferent to these speculations and hasn’t shown any significant rise in recent days. If this situation persists, BTC may continue to move downwards.
Should this trend continue, BTC could potentially drop further, possibly reaching the
54K level.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Bitcoin has recently formed a small double top pattern. The price has already broken down from the neckline, confirming a further decline.
Speculation is high regarding the upcoming FOMC meeting and the potential rate cut they might announce. However, BTC has remained indifferent to these speculations and hasn’t shown any significant rise in recent days. If this situation persists, BTC may continue to move downwards.
Should this trend continue, BTC could potentially drop further, possibly reaching the
54K level.You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Trade closed: target reached
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.