Bitcoin (BTC) $109,946.92 0.67%
Ethereum (ETH) $2,598.18 0.15%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 152.737171 -0.28%
Cardano (ADA) $0.60 0.39%
Chainlink (LINK) $13.76 0.09%
Litecoin (LTC) $89.63 1.95%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 2.272542 -1.94%
Dash (DASH) $20.63 0.88%
X-CASH (XCASH) 3.0E-6 19.76%
Dogecoin (DOGE) $0.00 -1.22%

Cryptocurrencies: 26570

Markets: 104228

Market Cap: $3,392,084,888,391

24h Vol: $122,158,012,303

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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