Bitcoin Price Analysis

Bitcoin (BTC) Price Analysis: Bears Defend Resistance Again

Bitcoin has formed lower highs and higher lows to trade inside a symmetrical triangle pattern on the daily time frame. Price has once again been rejected at the triangle resistance, so it might be setting its sights back on support. The 100 SMA is below the longer-term 200 SMA on this daily time frame to indicate that the path of least resistance is to the downside. This confirms that resistance…
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