Bitcoin Price Technical Analysis for 02/23/2018 – Short-Term Reversal Signal

Bitcoin Price Key HighlightsBitcoin price recently formed a head and shoulders pattern on its 1-hour chart.
Price has broken below the neckline to show that a downtrend is underway.
The chart pattern spans more than $1,000 in height so the resulting selloff could be of the same size.Bitcoin price broke below a short-term head and shoulders pattern to signal that more losses are in the cards.
Technical Indicators Signals
The 100 SMA is above the longer-term 200 SMA to show that the path of least