Bitcoin price crashed late Tuesday, losing over $1,000 in more than an hour. BTC has dropped over $1,200 in the last 24 hours, and investors are wondering where the next stop is.
DESCENDING TRIANGLE TURNS BEARISH INDEED
Bitcoin has moved within a descending triangle, a pattern known to act as a bearish signal in technical analysis. However, some investors hoped that BTC would break up the resistance line, especially after the cryptocurrency has seen several highs moving higher than the upper line of the pattern.
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