Bitcoin Price Key Highlights
Bitcoin price was trading inside a symmetrical triangle pattern before a strong breakdown ensued.
An early signal for this selloff materialized on the 1-hour time frame when price broke below a head and shoulders pattern.
Economic reports released last Friday seemed to be the main catalyst for the big move.
Bitcoin price made a sharp breakdown from consolidation recently, signaling that a longer-term downtrend could take place.
http://www.newsbtc.com/2016/08/01/bitcoin-price-technical-analysis-08012016-breakdown-alert/
