Bitcoin 

Bitcoin Rallies Hardest in November — So Why Are the Charts Bearish?

So far November has started off as a relatively uneventful month for Bitcoin’s (BTC) price action but all of this could change before the weekend is over. Let’s take a quick view of the charts to see what is in store.  Crypto market data weekly view. Source: Coin360 Outside of setting a weekly high at $9,616, the price continues to trade in a tightening range, capped beneath the weekly resistance at $9,616 and supported at $9,100. The past 5 days have set a pattern of daily lower highs as trading…

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Bitcoin 

Bitcoin Price Charts Aligning With Bakkt Launch Points to a Big Move

Bitcoin (BTC) price is stuck within the descending triangle formation for some time now and slowly moving towards the apex of it. Interesting enough, the apex of the triangle is around the actual launch of Bakkt on Sept. 23.  So is BTC price in a bearish pattern or is it just re-accumulation on a higher level? Let’s take a look at the charts. Bitcoin price performance A week ago the price dropped down from the resistance zone around $10,900 towards $10,200, after Bakkt tweeted their opening. However, the price dropped…

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