The occurrence of a double top formation is when the price hits a high point, drops, then climbs back up to the peak before beginning to fall. This indicates that the upward momentum may be weakening and a downward trend could be on the horizon. Bitcoin is currently encountering strong resistance near $71,900 following its failed attempt to surpass $70,000, as depicted in the chart. Visit COINTURK FINANCE for the most recent updates on financial and business news.