The ultimate occurrence gone down, the price was trading inside a downward triangle. This time around, the conditions are marginally different as the price is changing hands in an upside triangle. Several cryptoanalysts and investors regard it as an indication of a trend reversal that shows BTC/USD will return to its mean when it goes beyond this triangle and soars towards the earlier one. The price is now changing hands above the 50-day moving average, nonetheless, there is still a problem somewhere. The uphill triangle observed on the day-to-day chart for bitcoin could more likely develop into a bear flag very soon ... (full story)