After failing to surmount $13,000 yesterday, very near local highs of just under $14k, Bitcoin (BTC) has dumped as much as 15% of the course of the last 20 hours - but seems to be making an effort to stabilize at the breakout zone from July 8. It was only a couple of days ago that Bitcoin broke out and up through $12k, and this is the area currently being retested. Looking below at the 4-hour chart, there are many things to note. The rising wedge pattern played out perfectly, it is worth noting, breaking down after stiff rejection at $13k. Price is being held, at time of writing, at the downtrend line of the previous ... (full story)