New Bitcoin Pattern Raises Concerns of “Fake” Rally

Bitcoin (BTC) has recently experienced a notable upward price movement, leading to optimism among some investors. 1 However, a potentially concerning new pattern has emerged in Bitcoin’s price charts, prompting analysts to question the underlying strength and sustainability of this recent rally, suggesting it might be a “fake” breakout. Identifying the Worrying Technical Formation Technical …

Continue reading "New Bitcoin Pattern Raises Concerns of “Fake” Rally"

The post New Bitcoin Pattern Raises Concerns of “Fake” Rally appeared first on Cryptoknowmics-Crypto News and Media Platform.