On July 30, Bitcoin (BTC) seemingly began another rally but was stopped before reaching the previous high, creating a long upper-wick in the process.
The price has broken down from a short-term ascending support line and looks to be heading towards the closest support areas.
Bitcoin Evening Star Confirms Weakness
The Bitcoin price reached a high of $11,394 on July 27. After a brief
Bitcoin Falls After Failing To Create a Higher-High
In Brief
-Bitcoin's upward trend has begun to show weakness.
-The price is in the process of completing an evening star pattern.
-The next lower support areas are found at $10,700 and $10,300.
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