Bitcoin Price Analysis: Bear Markets Test Crucial Support Levels (bitcoinmagazine.com)

This morning marked another bearish day in the crypto-space as the entire market cap continued its multi-week-long decline. As referenced in a previous BTC-USD price analysis, we have continued to test the neckline of a massive, multi-week-long Head-and-Shoulders reversal pattern. At the time of this article, the market is making its second test of the ascending trendline (marked in yellow).Figure 1: BTC-USD, 6-hr Candles, Gemini, Head-and-Shoulders PatternA breakdown of the ascending…

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Bitcoin Price Analysis: Bear Run Shows No Decrease in Momentum (bitcoinmagazine.com)

Over the weekend, BTC-USD market cap dropped from $ 45 billion to a current (and still falling) market cap of $ 39 billion. BTC-USD brought the entire crypto market to a screeching halt as traders continued to see devaluations in nearly every tradable coin on the market. So, let’s take a look at what has happened and see just how bad this dive will be for BTC-USD and the other cryptocurrencies.On a macro scale, BTC-USD has been in the process of making a massive Head-and-Shoulders (H&S)…

Bitcoin