“As Bitcoin’s price recovery faces a bearish double top pattern, what lies ahead for XRP, SOL, and DOGE?”​

Bitcoin Faces Key Resistance as Double Top Pattern Signals Potential Reversal

Bitcoin’s (BTC) upward momentum appears to be stalling, with a bearish double top pattern emerging on short-term price charts—raising concerns of a potential trend reversal.

Last week, BTC surged to a high of around $87,400 before pulling back to $84,000. It then attempted a recovery past $87,000 but failed to sustain gains, forming two distinct peaks at a similar level with a trough in between. This structure aligns with a classic double top, a bearish technical pattern that often marks the end of an uptrend.

For confirmation of this formation, BTC would need to break decisively below the “neckline” support, estimated around $86,000. If that happens, the price could slide toward $75,000 or lower in the near term. However, from a macro perspective, Bitcoin still remains in a broader ascending trend.

Investor sentiment was initially boosted by the U.S. Federal Reserve’s dovish stance on inflation and easing concerns over U.S. tariff policies, which contributed to last week’s gains. However, BTC’s recent movements have shown limited correlation with altcoins, suggesting a lack of broad market support and increasing the risk of a false breakout.

If Bitcoin experiences further downside, major altcoins may also come under pressure. Dogecoin (DOGE), known for its speculative price swings, could see exaggerated losses. XRP may struggle with momentum, especially given its sensitivity to both market trends and regulatory developments.

Meanwhile, Solana (SOL) could face additional selling pressure due to its technical setup. The asset is approaching a potential “death cross” in mid-April, where the 50-day moving average moves below the 200-day—a historically bearish signal that has often led to extended declines.

Bitcoin is now at a critical juncture. A confirmed weekly close below $84,000 could solidify the double top’s bearish implications, while a breakout above $87,500 might invalidate the pattern and restore bullish momentum.