Bitcoin Signals Deeper Correction as Double Top Forms

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Bitcoin Signals Deeper Correction as Double Top FormsBitcoin / U.S. dollarBITSTAMP:BTCUSDisahebdadiBitcoin has broken below its 50-day moving average, signaling weakening bullish momentum in the short term. At the same time, the emergence of a classic Double Top pattern near a key resistance zone has intensified selling pressure, raising the likelihood of further downside. If upcoming support levels fail to hold, Bitcoin could enter a deeper corrective phase and potentially face a prolonged consolidation period.