FX.co ★ #Bitcoin M5: Bearish Symmetrical Triangle

According to the chart of M5, #Bitcoin formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 83699.27/84872.69 and upper border is 85969.60/84872.69. The pattern width is measured on the chart at -227033 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #Bitcoin breaches the lower border, the price could continue its move toward 84872.54.