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Bitcoin breakdown signals broader crypto market weakness
Bitcoin recorded a slightly lower low at $65,000 versus Saturday’s $67,000 pivot, driven by stalling price and declining volume. Daily and weekly TBO indicators remain bearish, and a drop toward $63,000 is anticipated to form a potential bear flag. Confirmation of this structure would require a subsequent higher local high on the breakout. Ethereum mirrors Bitcoin’s weakness, trading near Friday’s open of $2,100 with subdued volume. A bearish dump has pushed OBV and TBO readings deeper into negative territory. If ETH holds here, an extremely vertical flag could develop, likely triggering a swift bearish ... (full story)
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