Can it still capitalise on the breakout? Bitcoin appeared to have made a very bullish move last week when it finally broke above $45,500 but since then, it’s all been downhill. Sentiment in the broader markets has dipped in recent days and bitcoin has suffered as a result. Even prior to this, it failed to capitalise on the initial breakout which may have been a sign of what was to come. While the trend in the longer term may still be positive, the current environment isn’t making life easy. A break of the ascending trend line raises the question of how big a correction bitcoin is facing. The resistance it faced from ... (full story)