Bitcoin’s trading above US$9,000 once again, but technical indicators suggest the largest cryptocurrency is stuck in a funk. Though the price level may provide support, Bitcoin needs to break out of the downtrend it formed when its May high failed to take out the one reached in February. Any further rally that withers before overcoming a previous high may signal Bitcoin entered a potential downtrend, further indicating bearish sentiment. The token is facing bearish sentiment and “a healthy pullback might be needed before it can break above the US$10,000 level again,” Edward Moya, senior market analyst at Oanda, wrote ... (full story)