Viewpoint: BTC recovery trend stagnates again, and may fall to $75,000 or lower in the short term

Odaily News Shaurya Malwa, co-head of CoinDesk's token and data team, wrote that the Bitcoin price recovery has fallen into a double-top bearish pattern at $87,000, increasing the risk of another decline. If the price decisively falls below the support level between the two peaks (called the neckline), it may cause the price to fall to $75,000 or lower in the short term, but it will still be in an upward range in the long term.
Analyzing the renewing, traders responded positively to the Fed's dovish stance on inflation and the cooling of concerns about upcoming U.S. tariffs, supporting Bitcoin's gains over the past week. However, the lack of correlation between altcoins and Bitcoin's recent performance suggests that the current price trend may lack broad market support, increasing the possibility of a "false breakout" rebound. (CoinDesk)