Bitcoin Tests Double Top Formation at $82,179 as MFI Hits Maximum

Bitcoin's price has been testing a double top formation at $82,179, causing concern among traders. The Money Flow Index (MFI) has also reached its maximum level, indicating potential selling pressure. The warning comes from Fusion Media, which reminds investors that trading cryptocurrencies involves high risks and may not be suitable for all investors.

Fusion Media's risk disclosure states that prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.