Bitcoin’s Decline Could Lead to a Test of Major Support

(Bloomberg) -- Consolidation after last week’s flash crash has brought Bitcoin to a potentially key test. The largest cryptocurrency’s Monday low of $43,446 touched the upper border of its bullish Ichimoku cloud, an area indicating support. The price action has also generated a “spinning top” candle, a pattern which represents indecision, so follow through price action will be key to see whether bulls or bears have the upper hand.

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