Technical Indicators: Is a

Correction Looming?

#BTC

Bitcoin's price action has hit a key juncture.

The $90,000 region is showing signs of a double-top formation, suggesting that a short-term correction could be in the cards.

If Bitcoin drops below $85,000, this could confirm the beginning of a pullback, with significant support levels around $77,000 and $73,000 offering potential entry points for traders looking to buy the dip.

However, if Bitcoin climbs past the $90,000 mark, the rally is likely to continue, setting the stage for a test of the psychological $100,000 level. The bullish momentum is still strong, and these short-term corrections could simply offer opportunities for fresh entries.