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Edited on 17/06/2025, 15:27:54 UTC
Another double top formed just like January 2025.
People hated me when i called last double top and it indeed tanked with $20k+. Would not be supprised it happen again..
People hated me when i called last double top and it indeed tanked with $20k+. Would not be supprised it happen again..
You're absolutely right that double top formation is similar to the January 2025 setup, and it’s already showing signs of exhaustion at that key resistance level.
Looking at the weekly chart, BTC clearly rejected the previous ATH zone again, forming a near perfect double top with wicks showing selling pressure.
On the daily TF, the market structure is still technically bullish with that ascending trendline support intact, but any solid break below $100k could trigger a sharper correction possibly down to
Original archived Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Scraped on 17/06/2025, 14:57:50 UTC
Another double top formed just like January 2025.
People hated me when i called last double top and it indeed tanked with $20k+. Would not be supprised it happen again..
People hated me when i called last double top and it indeed tanked with $20k+. Would not be supprised it happen again..
You're absolutely right that double top formation is similar to the January 2025 setup, and it’s already showing signs of exhaustion at that key resistance level.
Looking at the weekly chart, BTC clearly rejected the previous ATH zone again, forming a near perfect double top with wicks showing selling pressure.
On the daily TF, the market structure is still technically bullish with that ascending trendline support intact, but any solid break below $100k could trigger a sharper correction possibly down to the $73k demand zones I've marked.