Bitcoin Price Technical Analysis for 01/16/2018 – Complex Head and Shoulders Ready to Break?

Bitcoin Price Key HighlightsBitcoin price is back to testing the support of its descending triangle pattern, which also happens to be the neckline of a complex head and shoulders formation.
A break below this $13,000 area could lead to a drop of around $6,000 or the same height as the chart formations.
A bounce, on the other hand, could keep the consolidation going.Bitcoin price is making another attempt to break below the support at $13,000 and doing so would mark the start of a longer-term dro