Classic bearish chart pattern forms for Bitcoin as BTC price tumbles to $32K
Bitcoin flashes a classic bearish technical pattern that could crash BTC prices to below $20,000. Bitcoin (BTC) bulls should look for a cover, at least as far as chart technicals are concerned.The flagship cryptocurrency continued its price declines into the new weekly session, hitting $32,105 ahead of the London opening bell following an approximately 10% intraday drop. In doing so, it raised the prospect of retesting its quarter-to-date low of $30,000 for either a bearish breakdown or a bullish pullback.Bitcoin consolidates between $30,000 and $42,000. Source: TradingViewBut as traders....
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