On the daily timeframe, Bitcoin 
BTC is showing signs of potentially forming a Double Top reversal pattern, indicating a possible trend shift from bullish to bearish. Should the price break below $111,950, Bitcoin could decline toward the $104,320 range, which also coincides with a fair value gap area.
Although the liquidation map from Coinglass highlights liquidation clusters between $110,841 and $111,905, traders and investors are advised to remain cautious in anticipating Bitcoin’s volatile price movements.
BTC is showing signs of potentially forming a Double Top reversal pattern, indicating a possible trend shift from bullish to bearish. Should the price break below $111,950, Bitcoin could decline toward the $104,320 range, which also coincides with a fair value gap area.Although the liquidation map from Coinglass highlights liquidation clusters between $110,841 and $111,905, traders and investors are advised to remain cautious in anticipating Bitcoin’s volatile price movements.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.