Bitcoin’s recent surge was short-lived as the $100k mark continued to pose a threat, suppressing further buying phase. While gathering liquidity, it may lose momentum if this mark level continues to hold as resistance. Last week, Bitcoin attempted a bullish move after a slight break from a two-week consolidation phase. The move was quickly stopped under the $100k mark and the price slipped back into the $95k range – which has been the asset’s average trading price level for almost three weeks now. That technical resulted in a false breakout with a trap at around $99,500. Looking at the setup,
The post BITCOIN PRICE ANALYSIS & PREDICTION (February 24) – Is Bitcoin Ready For a Heavy Breakdown With This Bearish Pattern? appeared first on The Merkle News.
