#BITCOIN

Bitcoin reversed today, forming a long upper wick gravestone doji, indicating a loss of bullish momentum.

Strong initial buying pressure was offset by selling, leaving the price near its opening level. The reversal comes after hitting an all-time high earlier in the session, coinciding with Trump’s inauguration, where no mention of crypto or Bitcoin was made, potentially dampening market sentiment. 

The price action may signal a potential double top, a bearish reversal pattern, as volatility persists within a rising broadening wedge. 

The gravestone doji highlights uncertainty, with bears now challenging bullish control following the break of descending resistance. 

$BTCUSD $BKCH $BTC $GBTC $MSTR $RIOT $COIN $BITW $ARKW $BTCM $BLOK $HUT $BITO $NVDA $SQ $PYPL $MARA
#BITCOIN