According to Cas Abbé, Bitcoin ($BTC) experienced a perfect double top pattern in January 2025, followed by a nearly 30% crash. Currently, Bitcoin is consolidating, and Abbé suggests it may be attempting to form a double-bottom pattern before reversal. This analysis is critical for traders considering potential movements towards $90K-$92K, followed by a correction to $78K-$80K. Abbé's insights are based on pattern recognition, providing a strategic outlook for traders.

According to @godbole17, the Nasdaq is experiencing a defensive phase, evidenced by a 1.7% decline on Monday, following a pattern similar to Bitcoin's double top. The market is showing strong bearish signals with consecutive large red candles and negligible shadows, indicating complete seller dominance.

According to Miles Deutscher, the TOTAL3 chart, which represents the total cryptocurrency market cap excluding Bitcoin and Ethereum, may have formed a double top pattern. This pattern is often seen as a bearish signal, indicating a potential reversal in the market trend. Traders should monitor this development closely as it could suggest a forthcoming decline in altcoin prices. The analysis is based on the chart pattern observed by Deutscher.