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Bitcoin forms double top near $72K, signaling possible bearish reversal amid weakening momentum.

Technical Signals
12 Apr 2026
Tokenpost
View Source
Bearish
pluang ai news

Bitcoin is showing signs of a potential bearish reversal after forming a double top pattern near the $71,000–$72,000 range. The cryptocurrency failed twice to break above this resistance level, with declining trading volume on the second attempt indicating weakening buying pressure. Bitcoin remains below key moving averages, suggesting the recent price bounce may be corrective rather than a new uptrend. If confirmed, a drop below $69,000 could trigger further selling toward the mid-$60,000 range, but a breakout above $73,000 would invalidate the bearish pattern and support continued gains.

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