Bitcoin's "double top" could lead to a decline to $50,000, says analyst Markus Thielen of 10x Research. This pattern forms when price makes two similar peaks with a small drop in between, maintaining support above a common line known as the neck. If the price breaks below the neck, it may fall an amount equal to the distance between the peaks and the neck. 😬 Thielen added that despite the potentially positive impact of the US election and the Consumer Price Index (CPI), the price could still experience a “steeper correction.”