Here’s Why Bitcoin’s Violent Selloff May Have Invalidated its Mid-Term Uptrend

Bitcoin bulls were surprised to wake up to a massive early-morning drop that sent the cryptocurrency reeling down to lows of $9,700, which is where BTC was able to find some support that helped it climb higher.
It is important to note that this bearish price action may have invalidated the crypto’s midterm uptrend, due to it breaking below a key ascending trendline that had been formed over the past few weeks.
The break below this level could lead BTC to see a notable near-term decline, wi