BitcoinShort
Bitcoin imminent for a potential reversal
BTCUSD has been riding a bullish trend for a while now. It is interesting to note that liquidity in the crypto market is beginning to decline and bitcoin clearly demonstrates this on the W1 chart where a potential downturn is imminent due to the double top bearish reversal pattern.
If this pattern holds through, the price of bitcoin could plummet to 82.5k per coin, and eventually 62k if the momentum persists.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.