Sorry bears — Bitcoin analysis dismisses $107K BTC price double top

Fundamentals Dismiss The Double Top Bearish Narrative In Bitcoin

A double top pattern and RSI reading in the Bitcoin chart warn of a bearish outcome, but another metric negates these warnings. CNBC Mad Money host Jim Cramer endorses BTC alongside gold. Bitcoin Fundamental Index Negates Bearish Readings A double-top formation within the long-term trend warns that Bitcoin (BTC) may be heading toward a bearish path. Adding fuel to the FUD (fear, uncertainty, doubt) was the moving average (MA)-based 14-range Rela…

Sorry bears — Bitcoin analysis dismisses $107K BTC price double top

Key points:Bitcoin is not in line to cancel its attack on all-time highs, says the Bitcoin Fundamental Index (BFI).BTC price strength remains “intact,” says Swissblock Technologies, removing the risk of a double top.Historically, a return to within 10% of all-time highs delivers price discovery almost every time.Bitcoin (BTC) does not risk a “double top” bull market reversal with its trip past $107,000, new analysis says.In one of its latest X u…