Bitcoin Price Technical Analysis for 03/14/2018 – Waiting for a Triangle Break

Bitcoin Price Key Highlights

Bitcoin price has formed lower highs and higher lows, creating a symmetrical triangle pattern on its 1-hour chart. Technical indicators are showing that a downside break might be more likely to happen. The chart pattern spans $8400 to $10,000 so the resulting move could be of the same height.

Bitcoin price is currently consolidating in a short-term symmetrical triangle while investors are waiting for the next big catalyst.

Technical Indicators Signals

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