Bitcoin (BTC) has finally reversed from its uptrend, after a long period of gains within an ascending triangle. Yesterday the leading crypto was rejected, after a false breakout at the $5,350 area. The move invalidated the ascending triangle, a bullish pattern, and has left nowhere to go but down. This failed breakout of the triangle is by no means surprising, as Bitcoin was consistently overbought on the indicators. And after such a fantastic runup, a correction should be welcomed as healthy, and needed to build support is there is to be another leg higher into $6k territory. The critical level to watch now is ... (full story)