Bitcoin Forming Double Top And It’s Vulnerable Below $8,500

Bitcoin struggled to break the $8,900 resistance on two occasions against the US Dollar. BTC price is showing a few bearish signs and it seems like it could decline towards $8,300 or $8,200.Bitcoin price is likely forming a double top pattern near the $8,900 resistance against the US Dollar.
The price is down 3% and it is now trading below the $8,700 support.
There was a break below a key bullish trend line with support near $8,660 on the hourly chart of the BTC/USD pair (data feed from Kraken).