Bitcoin Price: Bear Pennant Targets $4,600, Has The Breakdown Begun?

Bitcoin price has been steadily falling, locked in a downtrend over the course of the last few months, taking the price of the cryptocurrency to roughly 50% of the year’s high of $14,000.
After the latest sustained drop, Bitcoin has been consolidating in what now appears to be a bear pennant chart pattern formation, which suggests that yet another drop is ahead, and could take the price of the leading cryptocurrency by market cap to as low as $4,600 in the days ahead.
Bitcoin Price Forms B