Markets Technical Analysis

Bitcoin Falls After Failing To Create a Higher-High

By Valdrin Tahiri
Updated by Kyle Baird
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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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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
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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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