Published On: Mon, Jun 26th, 2017

Bitcoin Price Analysis: Bear Run Shows No Decrease in Momentum

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Over the weekend, BTC-USD market cap dropped from $45 billion to a current (and still falling) market cap of $39 billion. BTC-USD brought the entire crypto market to a screeching halt as traders continued to see devaluations in nearly every tradable coin on the market. So, let’s take a look at what has happened and see just how bad this dive will be for BTC-USD and the other cryptocurrencies.On a macro scale, BTC-USD has been in the process of making a massive Head-and-Shoulders (H&S) pattern on the 6-hour candles:Figure 1: BTC-USD, 6HR Candles, GDAXHead and Shoulders are …

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