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 83121.29/83823.80 and upper border is 84301.87/83823.80. The pattern width is measured on the chart at -118058 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 83823.65.