⚠️ Is a Double Top forming on Bitcoin? (Weekly Frame)
Current Price:
• $BTC ≈ $69,000
📊 What does the weekly chart show?
There is a possibility of forming a pattern:
Double Top
Approximate levels:
• First peak ≈ $73K
• Second peak ≈ $73K
• Support Line (Neckline) ≈ $65K
So far:
The pattern is uncertain but under testing.
📉 When will the model be confirmed?
If there is:
A clear weekly close below $65K
Then the pattern may activate.
🎯 Potential Technical Target
Calculation:
$73K − $65K ≈ $8K
Theoretical target:
$57K – $58K
Any potential correction approximates:
⬇️ -15%
📈 Opposite Scenario (Bullish)
If Bitcoin manages to break:
$70K – $71K
Then:
❌ Double Top pattern fails
✔️ And we may see a retest:
$74K
Then new peaks.
🎯 Critical Levels Now
Support:
• $65K
Resistance:
• $70K
• $74K
This area may determine the market direction for the coming weeks.
💬 The question now
Will it break $65K?
🔴 Yes → $58K
🟢 No → $74K
🟡 Fluctuate between $65K and $70K
#bitcoin #BTC #TechnicalAnalysis #trading #CryptoMarket
