More Pain for Bitcoin Ahead as Price Breaks “Legacy Trendline,” Says Analyst
Bitcoin (BTC) is at risk of extending its ongoing downside correction as it breaks below a so-called “legacy trendline.” As spotted by an independent, pseudonymous chart analyst, the said trendline was acting as a support to Bitcoin since March 2020. On September 30, the BTC/USD exchange rate fell below the price floor and flipped the Ascending Trendline into resistance.
See more for yourself here (https://bitcoinist.com/more-pain-for-bitcoin-ahead-as-price-breaks-legacy-trendline-says-analyst/?utm_source=rss&utm_medium=rss&utm_campaign=more-pain-for-bitcoin-ahead-as-price-breaks-legacy-trendline-says-analyst).