Bitcoin Is Forming a Double Top At $6,000, And Now At Risk Of a Big Drop
Bitcoin is likely forming a double top pattern near the $6,000 resistance against the US Dollar. BTC price remains at a risk of a sharp decline below $5,000 if it fails to recover above $6,000.Bitcoin is showing a few bearish signs below the $6,000 and $6,200 resistance levels against the US Dollar.
There is likely a double top pattern forming near the $6,000 resistance area.
A key bearish trend line is forming with resistance near $5,650 on the hourly chart of the BTC/USD pair (data feed from K
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