BITCOIN DOUBLE TOP
This isn’t saying to be bearish on bitcoin but it’s something to keep in mind if it doesn’t break all time highs.
If we break through to ATHs we will most likely see 90-110k.
If the double top does play out, we could see a downside to 20k.
It also depends how the stock market plays out as we are nearing a crash as it is. As the market has rebounded off of recent lows and is climbing currently climbing back up. If the market reached ATHs so will bitcoin, if the market is in deadcat bounce and and drops this pattern will most likely play out.
Remember to not hold onto opinions and play the technicals and fundamentals as they come.
The next 6 months or so is make or break for the market.
If we break through to ATHs we will most likely see 90-110k.
If the double top does play out, we could see a downside to 20k.
It also depends how the stock market plays out as we are nearing a crash as it is. As the market has rebounded off of recent lows and is climbing currently climbing back up. If the market reached ATHs so will bitcoin, if the market is in deadcat bounce and and drops this pattern will most likely play out.
Remember to not hold onto opinions and play the technicals and fundamentals as they come.
The next 6 months or so is make or break for the market.
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