Bitcoin (BTC) $93,767.53 -0.38%
Ethereum (ETH) $1,766.39 -2.21%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 142.391218 -1.31%
Dogecoin (DOGE) $0.16 -3.64%
Cardano (ADA) $0.65 -2.83%
Chainlink (LINK) $13.25 -3.69%
Litecoin (LTC) $81.61 -7.43%
Helium (HNT) 3.690338 -2.73%
Polygon (MATIC) 0.25693 2.45%
Dash (DASH) $20.96 -4.06%
X-CASH (XCASH) 3.0E-6 25.29%

Cryptocurrencies: 26009

Markets: 101336

Market Cap: $2,905,692,986,217

24h Vol: $64,980,493,784

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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