Coindesk analyst: BTC may form a double top pattern, expected to drop to $75,000

2025-01-27 15:04:38

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ChainCatcher news, according to Coindesk analyst Omkar Godbole's article, BTC may be forming a double top reversal pattern on the daily chart.

Due to failing to maintain above the December high last week, BTC appears to be forming a double top pattern, with the neckline support located around $91,300. If the neckline support is broken, it could trigger a decline towards $75,000.

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BTC double top pattern analyst trend

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BTC double top pattern analyst trend