Bearish Pennant Breakdown Confirmed? 5 things to see in Bitcoin this week
(BTC) starts a new week in a precarious place – below $ 45,000 and below some major moving averages. What's next?
Almost a week after a cascade of leveraged positions forced the market to $ 42,800, Bitcoin wiped out most of its subsequent rebound.
vs. S&P 500 annotated chart. Source: Charles Edwards / Twitter (NYSE:) BTC / USD 1-hour candlestick chart (Bitstamp). Source: TradingViewBitcoin Bull Run Comparison Chart. Source: DecentraderBitcoin Distribution Chart. Source: Willy Woo. TwitterBitcoin HODL waves annotated chart. Source: William Clemente / Twitter Crypto Fear & Geed Index. Source: Alternative.me
Read more on Coin Telegraph
Disclaimer: Fusion Media would like to remind you that the information contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and forex prices are not provided by exchanges, but by market makers. Therefore, prices may not be accurate and may differ from the actual market price, meaning that prices are indicative and not suitable for trading purposes. Therefore, Fusion Media is not responsible for any trading losses you may incur as a result of using this information.
Fusion Media or any other person involved in Fusion Media assumes no liability for any loss or damage that might arise from reliance on the information contained on this website, including data, prices, charts and buy / sell signals. Please inform yourself comprehensively about the risks and costs associated with trading in the financial markets, as it is one of the riskiest forms of investment.