• The Bitcoin price is possibly following a bearish fractal from June 1.
  • BTC is in the process of breaking out from a descending channel.
  • A confirmed breakout would invalidate the fractal.
On July 8, the Bitcoin (BTC) price broke out from a descending channel that has been in place since June 1. While there is a possibility that the price is following a bearish fractal that could soon initiate a sharp drop, the high volume on the breakout suggests that the move might be legitimate. Bitcoin Bearish Fractal Cryptocurrency trader @ColdBloodShill noted a bearish fractal,
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Valdrin Tahiri

Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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