Bitcoin Price Prediction As New Bearish Pattern Threatens 16% Downside Risk

Bitcoin Price Prediction: On December 22nd, the Bitcoin price witnessed a bearish reversal from $44500 resistance which led to a 4.5% drop within a week. This is the second time in a month, the coin price has reverted from this level, projecting a presence of high supply pressure. A look at the daily time frame shows these downswings as the formation of a bearish reversal pattern called double top.