Bitcoin has slipped by more than 9 percent from its quarter-to-date top near $10,428. The move downhill has initiated a short-term downtrend with eyes towards $8,600. Nevertheless, the cryptocurrency is leaving behind a trail of lower highs and lower lows, forming a bullish wedge. The pattern points to an upside breakout towards $10,400-$10,500 area. Bitcoin is forming a bullish structure even as its short-term bias favors a downtrend. That is according to a textbook technical […]
