BTC has (effectively) traced out a double-bottom pattern off of the 200 Week-MA. Further, a symmetrical triangle pattern, which was being monitored by many analysts, seems invalidated. This downward-sloping trendline also coincides with the 100-Day MA which has, so far, been held.
With all of this, the technicals may now be pointing towards a double-top pattern before continuing any downwards trend on the daily time frame.
With all of this, the technicals may now be pointing towards a double-top pattern before continuing any downwards trend on the daily time frame.