Bitcoin Faces Another Rejection, But Here’s Why the Bull Case Remains Strong

Bitcoin has fallen into a bearish pattern of incurring major upwards movements that are followed by nearly instant rejections, which leaves behind large wicks on BTC’s candle chart and typically spells trouble for which direction it trends in the near-term.
Yesterday, Bitcoin further extended this pattern after it incurred a fleeting surge up to highs of nearly $7,500 on popular trading platforms like BitMEX, with this movement nearly instantly retracing all the way back down to where it s