Bitcoin Resistance Turns Support at $8,000 as H&S Pattern Forming

Following the close of a big red candle on the weekly chart, many expected the pullback to accelerate and Bitcoin price to fall even further today. Such is the nature of crypto markets that BTC did the opposite and moved back up above $8,000 once again.   As has been typical of Bitcoin price chart patterns, the ‘Bart Simpson’ styled spikes have been quite frequent lately. Another one of these occurred during late US trading … Continue reading Bitcoin Resistance Turns Support at $8,000 as H&S Pattern Forming