Bitcoin is on the verge of invalidating a critical bullish technical pattern. The analogy surfaced after the cryptocurrency broke below the pattern’s support level. A prominent analyst sees the latest downside move to extend itself towards Bitcoin’s 200-day moving average. Up until Monday morning, Bitcoin had a substantial likelihood of continuing its bull run towards $11,800. But the sentiment flipped after a sharp downside move. The cryptocurrency fell by 2.26 percent to $9,114 in the […]
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