@qedqwead
A double top pattern in Bitcoin's price is often seen as a bearish reversal signal. It occurs when the price hits a resistance level twice, with a pullback in between, failing to break through that resistance. This suggests that buying pressure is weakening and a trend reversal may be imminent. However, confirmation is essential—traders typically look for a break below the support level formed between the two tops to confirm the reversal. Without this, the pattern may not result in a trend change. It's important to use other technical indicators to validate the signal.
0 reply
0 recast
0 reaction