Bitcoin making a double top pattern
My personal opinion is that by the middle of 2022, Bitcoin might complete a double-top pattern going to lower levels than it is now.
Neck with baseline on the 32K may serve as a rebound support line to recover a little bit before falling deeper (Path 2) or it may cross the neckline seeking an old support on the 10K (Path 1).
I don't think it would be forming a H&S pattern (peaks are almost on the same level), and this is very similar to other textbook double-top patterns formed in the past.
I am hoping to be wrong on this analysis but sometimes we need to accept our fate.
Do your own research. Not a professional advice.
Neck with baseline on the 32K may serve as a rebound support line to recover a little bit before falling deeper (Path 2) or it may cross the neckline seeking an old support on the 10K (Path 1).
I don't think it would be forming a H&S pattern (peaks are almost on the same level), and this is very similar to other textbook double-top patterns formed in the past.
I am hoping to be wrong on this analysis but sometimes we need to accept our fate.
Do your own research. Not a professional advice.
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