- Bitcoin reacts to the formed double top pattern on failing to break above $5,343.
- The bulls must defend the short-term support at $5,200 to avoid declines that could refresh the levels close to $5,000.
Bitcoin continued with the upside during the just concluded weekend trading sessions. There was a break above $5,200. BTC/USD extended the gains towards las week’s high around $5,343. At press time, an ongoing bearish momentum currently risks sliding below the trendline support.