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Bitcoin Price Weekly Candle Could Be Omen Of Painful Drop Incoming



At the start of April, Bitcoin price rallied through resistance at $4,200 and rocketed nearly $1,000 in the matter of an hour toward over $5,000. Since the massive green candle that many believe “confirmed” a bear market bottom was in, the Bitcoin price has been consolidating between $4,800 and $5,200.

The price movement between the recent daily swing low and high, has caused the weekly Bitcoin price chart to close with a doji, which signals indecision in the market due to an equally fought battle between bulls and bears. However the next candle forms, could paint a painful picture for the price of the leading cryptocurrency by market cap.

Prominent Trader Warns of Evening Star Doji on Bitcoin Price Weekly Chart

Bitcoin price closed with a doji candlestick last night, following a week of consolidation after the previous week’s rally. As one prominent cryptocurrency trader and analyst points out, the current formation is now two-thirds of a way through of an evening star doji…





Read Full Story : NewsBTC

2019-04-15 20:00:53

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