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Coindesk analyst: BTC may have a double top pattern and may fall to $75,000

Coindesk analyst: BTC may have a double top pattern and may fall to $75,000

CointimeCointime2025/01/27 07:12
By:Cointime

According to Coindesk analyst Omkar Godbole's article, Bitcoin (BTC) may be forming a double top reversal pattern on the daily chart. As BTC failed to maintain above the December high last week, it appears to have formed a double top pattern with the neckline support near $91,300. If the neckline support is broken, it could trigger a decline to $75,000.

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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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