Bitcoin Traces an Ominous Chart Pattern Evoking Plunge in June
- Largest cryptocurrency shed about 42% last time pattern formed
- Opinion remains split on whether worst of crypto rout is over
This article is for subscribers only.
The latest Bitcoin chart pattern suggests cryptocurrency speculators should brace for more losses.
The largest digital token has traced a so-called rising wedge, which technical analysts view as a kind of calm before the storm -- a temporary hiatus in episodes of often intense downward pressure on an asset’s price.