Bitcoin Price Technical Analysis for 02/26/2018 – Head and Shoulders Breakdown

Bitcoin Price Key HighlightsBitcoin price is trending lower after breaking below the neckline of its head and shoulders pattern.
This is a classic reversal signal which indicates that price could fall by the same height as the formation, which spans around $9,500 to $11,500.
Technical indicators are also showing that the short-term selloff could continue.Bitcoin price confirmed a potential short-term selloff upon breaking below the neckline of its head and shoulders pattern.
Technical Indicators