Bitcoin (BTC) Forges Double Top Ahead of Fed’s Preferred Inflation Reading

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Bitcoin (BTC) Forges Double Top Ahead of Fed’s Preferred Inflation Reading

“Technically, bitcoin appears to follow a double top formation, whereas the support level is being tested. This chart formation should be our base case unless it becomes invalidated. This formation could easily see a drop to $50,000—if not $45,000,” Markus Thielen, founder of 10x Research, said. www.coindesk.com

“Technically, bitcoin appears to follow a double top formation, whereas the support level is being tested. This chart formation should be our base case unless it becomes invalidated. This formation could easily see a drop to $50,000—if not $45,000,” Markus Thielen, founder of 10x Research, said.

www.coindesk.com

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