Bitcoin Bear Flag Could Cause Crypto Asset To Retest February 2018 Lows

2019-10-16 02:00

As the 2019 parabolic rally came to a close, Bitcoin began to trade within a large, multi-month descending triangle pattern that only just recently broke down after extensive consolidation. According to a popular crypto analyst, the breakdown resulted in Bitcoin forming a bear flag, and it likely signals further continuation to the downside, potentially as.

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bitcoin bear flag crypto 2018 february lows

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Bitcoin is once more facing a drop to (or below) $6,000, with both short- and long-duration charts being aligned in favor of the bears.

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