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BTC/USD: Potential Surge to $125k if Double-Top Pattern Breaks
The BTC/USD pair held steady below its all-time high, even as market participants embraced a risk-on sentiment after the latest US inflation data. Bitcoin was trading at the psychological point at $120,000, up by over $8,000 from the lowest level this month. BTC/USD Technical Analysis Bitcoin price has rebounded after bottoming at $112,000 earlier this month and is now hovering near its all-time high of 123,200. The three-day chart shows that it has formed a small double-top pattern at $122,250, and whose neckline is at $112,000. A double-top is one of the most bearish chart pattern in technical analysis. Its price ... (full story)
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