Bitcoin Price Technical Analysis for 03/09/2018 – Double Top Breakdown

Bitcoin Price Key HighlightsBitcoin price has broken below the neckline of its double top formation highlighted previously.
This confirms that bearish pressure is in play and price could fall by the same height as the chart pattern.
Technical indicators, however, are suggesting that bullish momentum is still present.Bitcoin price confirmed the double top reversal signal, which suggests that further losses are in the cards.
Technical Indicators Signals
The 100 SMA is above the longer-term 200 SMA