Unfortunately for crypto bulls, the Nasdaq triggered a major bearish reversal pattern known as a "double top" on Monday, putting BTC's 200-day simple moving average (SMA) support at risk.
BTC peaked near $87,400 last week, with prices pulling back to around $84,000 on Friday and staging a recovery to above $87,000 before stalling again. This sequence of two prominent peaks at roughly ...
Meanwhile, the confirmed double top pattern on the weekly and monthly charts increases the probability of a deeper correction for the altcoin. Nebraskangooner, a crypto commentator, told his ...