Bearish pennant breakdown confirmed? 5 things to watch in Bitcoin this week By Cointelegraph

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Bearish pennant breakdown confirmed? 5 things to watch in Bitcoin this week

(BTC) starts a new week in a precarious place — below $45,000 and below some key moving averages. What’s next?

Almost a week after a cascade of leveraged position unwinding forced the market to $42,800, Bitcoin has erased most of its subsequent recovery.

vs. S&P 500 annotated chart. Source: Charles Edwards/ Twitter (NYSE:)
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView
Bitcoin bull run comparison chart. Source: Decentrader
Bitcoin supply distribution chart. Source: Willy Woo. Twitter
Bitcoin HODL waves annotated chart. Source: William Clemente/ Twitter
Crypto Fear & Geed Index. Source: Alternative.me