Crypto News Bulletin from bitcoinist

Saturday July 18, 2020 3:27 PM
2 weeks 1 day ago

This Macro Fractal Predicts Bitcoin Could Soon Drop to the $6,000s

Bitcoin’s sideways trend has left many investors divided over what comes next. Yet a cryptocurrency analyst who has made historically accurate calls is leaning bearish. Here’s why he thinks so. Bitcoin Could See a Strong Correction The analyst in question shared the chart below to convey his bearish sentiment. The chart shows that Bitcoin is currently trading in a descending triangle. A descending triangle is a textbook bear pattern that last had relevance in late-2018, […]