Bitcoin Analysis | Hourly Frame
The price is forming a Double Top pattern alongside a descending triangle, which are bearish formations unless invalidated by a move above resistance zones.
🔻 Activation of the pattern occurs with a break below: 62,238
🎯 Target supports:
61,280 (first support)
60,532 (second support)
📊 There is no bullish signal on this pattern as long as the price trades below 63,457, and any break of the mentioned support may increase selling pressure towards the specified targets.
⚠️ This is just technical analysis and not a buy or sell recommendation.
$BTC
The price is forming a Double Top pattern alongside a descending triangle, which are bearish formations unless invalidated by a move above resistance zones.
🔻 Activation of the pattern occurs with a break below: 62,238
🎯 Target supports:
61,280 (first support)
60,532 (second support)
📊 There is no bullish signal on this pattern as long as the price trades below 63,457, and any break of the mentioned support may increase selling pressure towards the specified targets.
⚠️ This is just technical analysis and not a buy or sell recommendation.
$BTC