The price of bitcoin #BTC fell in recent days to 101,000 dollars, impacted by events such as the public dispute on social media between Elon Musk and Donald Trump, along with selling by traders and experienced investors.

However, technical analysis suggests that this drop may have reached a bottom, as the price chart shows a pattern known as 'double bottom', indicating a possible bullish reversal after the recent downtrend.

According to analyst Zvi Bar, if BTC maintains this reversal, an upward movement is expected that could test the previous highs of 112,000 dollars, the last record reached days ago. Nevertheless, Bar warns that if the price falls below 100,000 dollars, this bullish thesis would be invalidated. As he sees it, price action this week will be key to confirming whether the reversal is sustainable.

During the last week, bitcoin faced strong downward pressure, approaching 100,000 dollars after political tensions in the United States, as reported by CriptoNoticias. This critical level, according to Bar, marked a point where buyers intervened strongly.

The double bottom pattern, identified in the chart below, is a candlestick formation that indicates a possible bullish reversal. This pattern forms after a clear downtrend, such as the one BTC experienced from its all-time high.