Bitcoin’s Double Top Pattern: Could It Signal a Bearish Reversal?

Recent analysis suggests Bitcoin might be forming a classic double top pattern, potentially pointing to a bearish trend. This pattern is identified by its two peaks at around $108,000 and $87,400 on the charts, as highlighted by CoinDesk’s analysis from May 2025. The significance of these points lies in their potential to signal a decline towards the $75,000 price mark. This is generating discussion among trading experts regarding Bitcoin’s future direction.