Quote from: LogitechMouse on June 16, 2025, 06:01:13 AM

Quote from: Ethan_Crypto on June 15, 2025, 09:09:28 PM

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Do let me know your thoughts.

That's why I'm less optimistic right now that Bitcoin will reach as high as $125,000 or even $120,000.
That double top formation could mean 2 things. We've already reached the peak of this bull run, or it's just a normal movement and we will see still new ATHs in the following weeks or months.

I looked at the chart, and I didn't see the same bearish divergence that we saw when it reached $109,000 last January. If there are divergences being formed then that's a big sign that the market might be reversing, but so far we haven't seen it yet, so still it is bullish. At the end of the day, it will all depends on how people read the charts. That double top formation might be bearish for some, but for some, that might not be.

As for the Government and those institutions out there, they aren't superheroes where they will save the world. Cheesy

Interesting take! I will watch out for a bearish div like you mentioned and would use that to confirm