Bitcoin Price: Triangle Pattern Test
Bitcoin fell by 3.5%, breaking below $114,000 and breaching the technical support level, which may indicate a deeper correction in the future.
After Bitcoin broke below the support level of $118,859, selling intensified and downward pressure accelerated, approaching the next support level of $112,000.
BTC bears seem intent on pushing the price below the resistance level of the symmetrical triangle pattern formed since last month.