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2019-07-27 06:16:54

Bitcoin price prediction: BTC price in head and shoulder, bears imminent

Bitcoin price prediction analysis reveals that the king of cryptocurrency is not doing so well, and another head and shoulder formation on the price chart speaks of an imminent bearish trend. Bitcoin is currently trading at a high point of ten thousand and eighty-two dollars ($10,082) on the other hand, and the support currently lies at the nine thousand and nine hundred dollars ($9900) mark. Bitcoin price prediction A five-day chart analysis reveals that the Bitcoin price has formed a head and shoulder pattern since the 24th of July 2019. The price is currently believed to be struggling above the