Yesterday, Bitcoin dropped to the crucial 60k zone and, after briefly dipping below it, quickly reversed.
Although this is a positive sign from a technical standpoint, could it really be that simple?
In my opinion, it will not be that simple.
In fact, looking at the chart, we see that Bitcoin has formed a double top pattern with the neckline just below the 60k zone.
A break below this level of support could lead to panic, causing Bitcoin to drop below 50k, where real liquidity lies.
Although this is a positive sign from a technical standpoint, could it really be that simple?
In my opinion, it will not be that simple.
In fact, looking at the chart, we see that Bitcoin has formed a double top pattern with the neckline just below the 60k zone.
A break below this level of support could lead to panic, causing Bitcoin to drop below 50k, where real liquidity lies.
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🌟 Premium Contact:
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