BTCUSD - Transitioning to Decline Phase?
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| BTCUSD Daily Chart |
Daily chart shows BTCUSD is on verge of completing its double tops bearish reversal pattern. It made a false breakout of its resistance at 123,217 on 14 Aug 2025 made a higher high but closed below its resistance level. At that time its MACD was tracing a lower high whilst price was making a higher high forming a bearish divergence, which was a sign that its bullish trend was getting weaker.
Now that BTCUSD has broke below its support at 112,006 and beginning to make lower high and lower low it could be transitioning to a decline phase?
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