$BTC has formed a bearish double top or "M" chart pattern, a classic reversal signal in technical analysis. This pattern typically indicates that the price has hit a resistance level twice (around 85,777.99 in this case) and failed to break through, suggesting a potential trend reversal from bullish to bearish as selling pressure increases.
The price has now dropped to 84,350.00, down 1.01% in the last 24 hours, confirming the bearish momentum after the double top formation. The decline is supported by a volume spike to 8,446.82 BTC, and the price has fallen below the 25-day moving average (MA25) at 85,098.99. The RSI(6) at 12.80 indicates oversold conditions, which might lead to a temporary bounce, but the overall trend looks bearish.
The price is testing support around 84,350.00, with the next key level at 84,269.24. If this support breaks, we could see a further drop toward 84,215 or lower. A bounce might push the price back toward the MA25 at 85,098.99, but the bearish pattern suggests more downside ahead. Watch for volume and RSI for signs of a deeper correction.
People are saying, after so many good initiatives have been taken by the authority around the world,including Pro crypto US President himself, what is the reason for the market dump?
I know the reason. I invested all of my money in what is left in my pocket and it began to dump.
People are saying, after so many good initiatives have been taken by the authority around the world,including Pro crypto US President himself, what is the reason for the market dump?
I know the reason. I invested all of my money in what is left in my pocket and it began to dump.
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Till yesterday I had #DAR/USDT of almost 7$ in my spot wallet! But now nowhere is showing in binance. Even my total balance decreases by 7$. what is the matter? How can I find my lost $?
NB: I heard the news of delisting but thought that it would be automatically swapped. now what?
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