BTC Double Top (M Pattern) - further downside possible
BTC has formed an almost perfect Double Top, with the ATH resistance around 108,500. The bottom of M pattern is signified by a double bottom formation around 91,400. Price broke that level, retested as resistance on 3rd March, forming a lower high - lower low pattern.
The M pattern's range shows further downside to 74,000, which is also a good resistance from previous year's consolidation (March to November 2024).
Expecting BTC to reach this price around April 2025, which may be a good time to accumulate.
The M pattern's range shows further downside to 74,000, which is also a good resistance from previous year's consolidation (March to November 2024).
Expecting BTC to reach this price around April 2025, which may be a good time to accumulate.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.