Analyst: Bitcoin Caught in Clear Bearish Trading Pattern

Bitcoin’s recent surge up to highs of over $10,800 drastically shifted the overall market sentiment and had led many investors and analysts alike to believe that BTC was highly likely to move past $11,000.
BTC’s subsequent drop from these levels, however, invalidated this perceived bullishness, and now a prominent analyst is explaining that Bitcoin is currently trading within a bearish descending triangle on a macro time frame, which may mean that another drop is imminent.
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