The past week has been rather quiet for Bitcoin as gains amounted to 2%. While BTC’s bullish pattern was still intact on the charts, there were some warning signs creeping into the market; however, a close above $48,000 would negate much of the anxiety. At the time of writing, Bitcoin traded at $46,789, down by 1% over the last 24 hours. {chart} Although Bitcoin flipped its 200-SMA (green) to bullish after 11 weeks on 9th August, buyers failed to capitalize on their advantage. Bulls were presented with another opportunity at the 61.8% Fibonacci Extension ($45,619) – a region that also clashed with the long term ... (full story)