Crypto 656
07/28 14:19
Daan Crypto Trades highlighted the technical make-up of Bitcoin. Bitcoin is yet to lose its long-term bullish pattern, according to analysts. The structure is intact as long as it does not decline back to the past broad range of around $110,000.
Over time, the high-frequency structure of the market may disappear in Bitcoin. Such an indication would represent a trend reversal and clear the avenue to great corrections. Yet at this point that division has not taken place. The pressure is taking its toll on the market that is on the upward trend technically.
As of writing, the price of Bitcoin is at $117,185, showing a 1.08% decrease over the last 24 hours. The volume of trading increased by more than 60% the previous day, rising to $139.68 billion.
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