Bitcoin (BTC) Price Watch: Heads Up for this Bearish Breakout!

Bitcoin Price Key HighlightsBitcoin price appears to have broken below a long-term consolidation pattern to signal a drop.
Price is also approaching the bottom of a smaller descending channel to show that the downtrend could carry on.
Technical indicators on this time frame also seem to be signaling that further losses are in the cards.Bitcoin price could be gaining further bearish traction as it closed below the support of its daily symmetrical triangle.
Technical Indicators Signals
The 100 SMA