17-01-2020 06:12 via newsbtc.com

Sorry Bears, Bitcoin Won’t Go Down Quietly And Here’s Why It Could Rally

Bitcoin corrected lower below $8,700, but it found a strong support above $8,500 against the US Dollar. BTC price is currently rising and it could rally if it clears the $8,840-$8,900 resistance area.Bitcoin price might not go down quietly and it could rally above $8,800 against the US Dollar.
The double top pattern is still valid unless the bulls clear the $8,900 resistance.
There is a new breakout pattern forming with resistance near $8,825 on the hourly chart of the BTC/USD pair (data feed fr
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