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BTC/USD: Bearish Pennant Points to a Bitcoin Dive
Bitcoin price remained in a narrow range as the potential Santa Claus rally stalled. The BTC/USD pair was trading at 88,170, up by nearly 10% from the November low of 80,570. It remains much lower than the year-to-date high of 126,268. BTC/USD Technical Analysis Suggests More Downside The daily timeframe chart shows that the BTC/USD pair has remained in a tight range in the past few. It has slumped below the Supertrend indicator, a sign that bears have prevailed. The pair has also dropped below the 50-day and 100-day Exponential Moving Averages (EMA). Most importantly, it is in the process of forming the risk bearish ... (full story)
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