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Author Topic: More Pain for Bitcoin Ahead as Price Breaks “Legacy Trendline,” Says Analyst  (Read 1277 times)

Offline Jentot

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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.
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