Bitcoin price looks poised to break down from its consolidation pattern as volatility is returning to the markets.Bitcoin Price Key Highlights
- Bitcoin price has previously consolidated inside a symmetrical triangle formation and is showing signs of breaking out.
- Price looks ready to head back south as it is trying to move below the 100 SMA dynamic support.
- Oscillators are also hinting that bearish momentum is building up.
Link:
http://www.newsbtc.com/2017/02/28/bitcoin-price-technical-analysis-02282017-volatility-picking/
