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Double Top Threatens #BCH Bulls! Will Support Hold? 🟥 #BitcoinCash price faces a critical juncture after forming a bearish double top pattern. The rejection at the resistance zone suggests a potential downside continuation. Here's the breakdown: Two failed attempts to break above $520 formed the double top. Price needs to break below the support level of $440-$450 for a drop towards $400. A bounce from current levels could see another attempt at $520-$530, but the #bearish scenario seems more likely. $BCH
Double Top Threatens #BCH Bulls! Will Support Hold? 🟥

#BitcoinCash price faces a critical juncture after forming a bearish double top pattern. The rejection at the resistance zone suggests a potential downside continuation.

Here's the breakdown:

Two failed attempts to break above $520 formed the double top.

Price needs to break below the support level of $440-$450 for a drop towards $400.

A bounce from current levels could see another attempt at $520-$530, but the #bearish scenario seems more likely.

$BCH
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