What are Double Top Patterns in Crypto Trading?

A double top pattern is a bearish reversal pattern that forms after an asset, in this case, a cryptocurrency, reaches a high point, pulls back, and then rallies to reach the same high point before pulling back again. The pattern is considered a bearish reversal because it suggests that the asset has peaked and may be about to experience a significant price decline. Traders will often look for a break below the "neckline" of the pattern, typically formed by connecting…