Bitcoin has formed lower highs and higher lows to create a symmetrical triangle on its 4-hour time frame.
Bitcoin appears to be forming a complex double top on its 1-hour chart to signal that a selloff is due.
Bitcoin is in a steady downtrend as it edged below the latest lows and seems to be going for more.
Bitcoin is bouncing off the triangle support on its 4-hour chart, but there could still be a chance for a breakout.
Bitcoin is back to testing its symmetrical triangle support after a weak bounce, signaling that sellers could gain more traction.
Bitcoin could still pull back to the broken short-term trend line for a quick retest and formation of a reversal pattern.