Bitcoin Needs to Top $65.2K to Break Downtrend: Bitfinex

Bitcoin Needs to Top $65.2K to Break Downtrend: Bitfinex

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Source: Coindesk.com

A move above the August high of $65,200 will invalidate the bearish lower highs pattern, analyst at Bitfinex said. Weakening spot market buying pressure points to short-term consolidation, analysts added.

Bitcoin (BTC), the leading cryptocurrency by market value, has rallied 16% since testing lows under $54,000 early this month. A bullish

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The post "Bitcoin Needs to Top $65.2K to Break Downtrend: Bitfinex" appeared first here Coindesk.com.

Source: Coindesk.com

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