Bitcoin technical analysis big bear move
Double-tops are usually a bearish signal. In just a month Bitcoin prices crept back up over the resistance level, suggesting the ETF news was not that significant overall. The reverse is true when the trend is down. Furthermore recent prices should capture more relevant market information and should be emphasized. We can see Bitcoin reached an all time high of about 5, before the China ban news sent prices below the 4, bitcoin technical analysis big bear move level all the way down to the 3, support level we identified in our last post.