BTC Weekly Technical Analysis
Bitcoin / TetherUS BINANCE:BTCUSDT
The market, specifically the crypto sector, seems to have had a difficult year in 2022. The monthly chart is building a double top pattern, which is not good.
A double top is a bearish pattern in which the chart forms a double top and the trend may go down if the support is broken.
The Fibonacci golden zone, which acts as a good and strong support, may, nevertheless, shield the BTC from further decline. If the BTC price is saved by the support, the price will just bounce around the support and continue to trend upward.
