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Bitcoin has formed a classic bearish pattern on its daily chart, and if confirmed, a price drop to $56,000 could be in the cards.
Key takeaways:
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A developing bear pennant keeps a BTC price drop toward $56,000 in play.
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Rising whale inflows to Binance further the downside outlook.
Bitcoin (BTC) may slide deeper into February as its bearish chart structure converges with renewed whale activity on Binance.
Bear pennant setup hints at 20% BTC price decline
Bitcoin has been forming what appears to be a bear…
https://cointelegraph.com/news/bitcoin-chart-pattern-whale-activity-warn-of-another-20-price-drop?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
