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Bitcoin Showing Bearish Triple-Top After Another Rejection from $12,000
In brief
The Bitcoin price has possibly generated a triple-top
There is resistance between $12,000-$13,370 and support between $11,550-$11,250.
The price could be nearing the top of the B wave in an A-B-C correction.
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The Bitcoin (BTC) price increased gradually over the past week and reached a crucial long-term resistance area. The short/medium-term trend is showing weakness, indicating that a corrective move could transpire soon. Bitcoin Long-Term Levels The candlestick for the week of Aug. 10-17 created a bullish hammer and reached its highest weekly close since January 2018. BTC is still
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