Bitcoin (BTC) $61,333.69 0.54%
Ethereum (ETH) $1,704.74 4.03%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 80.631942 2.50%
Cardano (ADA) $0.17 6.60%
Chainlink (LINK) $7.77 3.20%
Litecoin (LTC) $43.17 -0.11%
Dash (DASH) $35.31 3.89%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 0.241329 -0.87%
X-Cash (XCASH) 1.0E-6 3.96%
Dogecoin (DOGE) $0.00 0.00%

Cryptocurrencies: 29367

Markets: 112773

Market Cap: $2,125,644,107,538

24h Vol: $86,550,683,673

CoinGape

2022-12-16 14:22:59

Bitcoin Price Breakouts Of This Repetitive Bearish Pattern; More Downfall Ahead?

Bitcoin Price Breakouts Of This Repetitive Bearish Pattern; More Downfall Ahead?

The Bitcoin price shows the formation of an inverted flag pattern in the daily time frame chart. This pattern consists of a sharp downfall, followed by a minor bullish recovery between two trendlines. Moreover, a breakdown from the pattern’s support trendline signals the replenished bearish momentum, which tends to resume the prevailing downfall. Key points: The post Bitcoin Price Breakouts Of This Repetitive Bearish Pattern; More Downfall Ahead? appeared first on CoinGape .

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