BTC $79,321.50 +0.83%
ETH $2,503.30 +0.46%
BNB $756.14 +0.05%
XRP $1.43 +2.15%
SOL $104.20 +0.67%
TRX $0.3389 +0.17%
DOGE $0.0906 +0.96%
ADA $0.2196 -0.14%
BCH $258.94 +0.79%
LINK $12.42 -2.25%
HYPE $86.35 +2.37%
AAVE $129.54 -1.20%
SUI $0.8152 -1.43%
XLM $0.1888 -1.02%
ZEC $1,242.81 +9.35%
BTC $79,321.50 +0.83%
ETH $2,503.30 +0.46%
BNB $756.14 +0.05%
XRP $1.43 +2.15%
SOL $104.20 +0.67%
TRX $0.3389 +0.17%
DOGE $0.0906 +0.96%
ADA $0.2196 -0.14%
BCH $258.94 +0.79%
LINK $12.42 -2.25%
HYPE $86.35 +2.37%
AAVE $129.54 -1.20%
SUI $0.8152 -1.43%
XLM $0.1888 -1.02%
ZEC $1,242.81 +9.35%

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

2025-01-27 15:04:38

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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