The Bitcoin could reach $50,000 due to the emergence of a chart pattern called "double top," typically seen as a bearish reversal signal. This pattern forms when the price hits a peak, retreats, then returns to that same level to form a second similar peak before declining.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.