Bitcoin is currently exhibiting signs of a potential double top pattern on the daily chart. This classic bearish pattern, which forms when price hits a peak, retraces, and then re-tests that same high before reversing, has traders eyeing a possible downtrend if it confirms. The key here is the neckline: If Bitcoin breaks below this level, confirming the pattern, we might witness a downward move before any further upward surge. While the pattern hasn’t been confirmed yet, analysts are closely watching the technical setup. The potential target lies around $99,000; however, there’s speculation about a short-term liquidity grab near $98,000. This could mean a temporary dip below that level before Bitcoin resumes its trajectory, potentially triggering the flush out of leveraged positions and stop-losses. It’s important to remember that this pattern is still in formation and requires volume support for confirmation. 2. 3. Traders remain cautious but optimistic, anticipating this potential correction or shakeout as a part of a longer-term bullish trend, with a watchful eye on price action and its volume around key support levels.