On the daily timeframe, Bitcoin BTC is showing signs of potentially forming a Double Top reversal pattern, indicating a possible trend shift from bullish to bearish. Should the price break below $111,950, Bitcoin could decline toward the $104,320 range, which also coincides with a fair value gap area.
Although the liquidation map from Coinglass highlights liquidation clusters between $110,841 and $111,905, traders and investors are advised to remain cautious in anticipating Bitcoin’s volatile price movements.
This news is powered by TradingView 
