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BITCOIN UPDATE: As stated, Bitcoin is trapped in a consolidation zone between the 18K support level and the substantial resistance at 25K. Meanwhile, the cryptocurrency has initiated a rally towards the descending wedge’s upper trendline.
However, Bitcoin is forming a potential double-top pattern, a well-known bearish pattern. If the neckline is broken, Bitcoin could experience a fall to the 18K level again. Considering the power of the 20K-21K range and the formation of this double-top pattern, the price will likely fail to surpass the trendline and plunge towards lower price levels.
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