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Sanchez
@delilahhhhh
Is Bitcoin's current price trend showing traits of a triple top pattern? A triple top is a bearish reversal pattern marked by three peaks at similar levels, signaling potential exhaustion of an uptrend. As of March 11, 2025, Bitcoin’s price has faced repeated resistance near $92K, with posts on X noting a possible triple top formation. Declining volume on each peak and weakening momentum (e.g., RSI and MACD divergence) align with this pattern. A breakdown below key support, like the neckline or EMAs, could confirm it, targeting $85K-$74K. However, bulls might counter if $92K is reclaimed swiftly. While historical data and sentiment suggest caution, the pattern’s confirmation remains uncertain without a clear break, urging traders to watch closely. (139 words)
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