Correction Inevitable? Bitcoin Paints a ‘Shooting Star’ Pattern on Key Timeframes

News BTC | Jun 3, 2020 at 6:00 PM
  • The new weekly and monthly Bitcoin price candle kicked off with a powerful move to the upside, but yesterday was rejected with force.
  • Although it is extremely early in each trading session, the recent price action has left behind a Shooting Star doji on weekly and monthly timeframes.
  • After Sunday night’s important weekly and monthly close – which arguably closed bullish – Bitcoin price surged to over $10,000 in an over $600 move that took less than one hour to play out.