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‘Bearish pennant’ breakdown confirmed? Five Aspects of Bitcoin to Watch From CoinTelegraph

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‘Bearish pennant’ breakdown confirmed? Five aspects of Bitcoin to keep an eye on

Bitcoin (BTC) starts the new week in a precarious zone, below $ 45,000 and some key moving averages. What awaits us?

After the strong liquidation of leveraged positions that led to a correction of around $ 42,800 last week, Bitcoin has written off most of its subsequent recovery.

This past weekend has brought little to support a shift in direction, with downside volatility firmly in place. With down 13% in a week, Cointelegraph takes a look at five things that could help traders anticipate what the next move could be.

Read the full text on Cointelegraph

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