Throughout its history, the Bitcoin price has had numerous repetitive patterns. While they are not as easily identifiable in their early stages, they become more apparent as they continue to develop. Additionally, trading inside a range can either be bullish, bearish or a period of consolidation. Since September 24, Bitcoin has been trading inside a range of $7700-8700 within the confines of a bearish descending triangle — out of which a breakdown would be customary. Throughout May and June, we had a bullish trading period inside the same range before breaking out and reaching the eventual $13,764 high. Well-known ... (full story)