Bitcoin: Two Bearish Patterns, Two Critical SupportBitcoin / TetherUSBINANCE:BTCUSDTDukesMarketAnalysisPotential Double Top Emerging • Bitcoin has now produced a secondary high below the major peak at $67,292, creating the possibility of a developing double top structure. 'M' Pattern Also Taking Shape • At the same time, price is forming a potentially bearish 'M' pattern, with the neckline sitting around $62,272. A break below this level would strengthen the bearish case considerably. 100/50 EMAs Remain Bearish • The 100/50-period EMAs remain bearishly crossed, with price repeatedly finding resistance beneath both averages, keeping the short-term trend under pressure. Volume Favours Caution • Selling volume increased during the recent decline, while volume has steadily decreased as price consolidates near support. That often reflects a market waiting for its next catalyst. Major Support Still Holds • Despite the bearish setup, support around $62,272 remains intact. Beneath that, the more significant swing low at $59,130 becomes the key level bulls need to defend. In Summary Bitcoin is beginning to display several bearish characteristics, including a potential double top, a developing 'M' pattern, and continued rejection beneath the bearishly crossed 100/50-period EMAs. Increased selling volume during the decline adds weight to the bearish argument. However, neither pattern is confirmed while support at $62,272 continues to hold. For now, Bitcoin remains trapped between critical support and resistance, but the balance of evidence is starting to tilt slightly in favour of the bears.