Bitcoin Price in Echo Bubble? Nope, BTC Still in Macro Bull Trend

Bears are back. After a multi-month long consolidation period, Bitcoin (BTC) finally broke down earlier this week, quickly losing all semblance of a bull trend in a spectacular fashion.
For those who missed the memo, within a few hours’ time, the leading cryptocurrency had fallen from five digits — $10,000 — to $8,000, losing the support of a descending triangle pattern. This move marked the most serious bout of volatility BTC had seen in months.
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