Bitcoin Price Revisiting $11,000 Could Confirm Short-Term Bearish Reversal Pattern

Bitcoin Price Revisiting $11,000 Could Confirm Short-Term Bearish Reversal Pattern


Bitcoin price today blasted above $11,000, reviving bullish sentiment across the crypto market. Behind the buzz, is the fact that the leading crypto asset successfully confirmed a bullish retest of $10,000 as resistance turned support.

But at the same time, the future of finance may have also completed a bearish retest and throwback to confirm a bearish reversal pattern. Both directions can’t be right, so which is it? You be the judge.

Bitcoin Price Performance: A Head And Shoulders Above The Rest

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Throughout most of 2020, Bitcoin and altcoins have been soaring together. But over the last 24 hours, something strange has happened, and the leading cryptocurrency has outperformed alts by a significant variance.

BTC dominance is breaking out of a downtrend line after potentially holding above a key support level and is showing signs of bottoming on high timeframes. If that’s the case, altcoins could be in trouble.

But although Bitcoin is currently looking bullish, rising more than

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