This Simple Observation Shows an Intense Bitcoin Downtrend is…

News BTC | Feb 14, 2020 at 6:00 PM
  • Bitcoin has been caught within a firm bout of sideways trading over the past day.
  • Bull’s inability to extend the cryptocurrency’s momentum has led it to grow increasingly bearish, as one simple charting pattern could suggest that its recent highs will mark a mid-term top that is proceeded by an intense downtrend.
  • In order for the incredibly firm mid-to-long term uptrend that Bitcoin is caught within to extend, it is imperative that it holds above $10,000, as a break below the five-figure price region could spark a move towards $7,000.