Bitcoin Eyeing Deep Downside Correction Below $7k: Analyst

Bitcoin is one step away from testing $6,700 as support, according to prominent analyst DonAlt.
The crypto trader on Monday measured the current bitcoin bias on a three-day timeframe, believing it gave better clarity about the cryptocurrency’s expected price behavior. He noted that bitcoin earlier broke out of a 3-D pennant structure – which also appears like a descending triangle pattern – to the downside. The cryptocurrency’s inability to reenter the range, as shown in