What is Double Top?
A bearish reversal pattern that occurs after an asset reaches a high price twice with a moderate decline between the two peaks.
In-Depth Explanation
Practical Example
"Bitcoin formed a double top at $69,000 before entering a prolonged bear market."
Related Terminology
Double Bottom
A bullish reversal pattern that occurs after an asset reaches a low price twice with a moderate rise between the two lows.
Resistance
A price level where a rising market finds selling pressure and struggles to break above.
Bull Market
A market condition where prices are rising or expected to rise.
Bear Market
A market condition where prices are falling or expected to fall.
Tradeable Instruments Affected
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