Bitcoin‘s (CRYPTO: BTC) strength around $70,000 is fueling hopes of a move higher, but one analyst warns the broader trend still points to downside.
Pattern Signals Weakness
Prominent analyst Trader Mayne on Monday said Bitcoin’s price action is closely mirroring a previous range pattern, including a failed breakdown, a retest of a key level and a sweep of highs.
He said the setup suggests a repeat scenario, where price ultimately breaks down toward range lows.
In the short …