Volume fades, double top forms – is Bitcoin headed to 70k?CRYPTOCAP:BTC is showing signs of exhaustion near the $83,500–$84,000 zone, with repeated rejections indicating weakening bullish momentum. Volume is steadily declining, which typically signals a lack of conviction from buyers.
We may be witnessing the formation of a potential double top – a bearish reversal pattern. If confirmed, this could trigger a correction toward $78K, $74K, or even the $70K–$68K zone.
Key Levels to Watch:
Resistance: $83,500–$84,000
Support: $78,000 → $74,000 → $70,000 → $68,000
This corrective move could be healthy for the market, potentially flushing out weak hands and injecting fresh liquidity for a stronger upward rally in the coming weeks.
