By CCN. com: The bitcoin price on Wednesday extended its rebound from $3,859, surging as much as 2. 80-percent since the Asian session to crack $4,000 on most major crypto exchanges. As of 18:20 UTC, the bitcoin-to-dollar exchange rate was trading at $4,011, down 0.

52-percent from the session high at $4,032. The marginal downside correction didn’t interrupt the market’s intraday bullish bias. However, the bitcoin surge came alongside declining volumes, which cast doubt on the uptrend’s durability in the medium-term. Unfortunately for the bulls, the charts seem to favor the bears, as these three technical factors indicate. Near-Term Ascending Channel Purges Trading

The post 3 Bearish Factors That Will Slaughter This Bitcoin Price Rally appeared first on CCN

375 +