The formation known as a double top occurs when the price reaches a peak, drops, and then climbs back up to the peak before beginning to fall. This indicates that the upward momentum might be weakening and a downward trend could be on the horizon. At present, Bitcoin is encountering strong resistance at around $71,900 following its unsuccessful attempt to surpass $70,000, as depicted in the chart. For the most recent financial and business updates, visit COINTURK FINANCE.