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 62241.80/62854.13 and upper border is 63528.03/62854.13. The pattern width is measured on the chart at -128623 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 62853.98.