After rallying from a low of 214 to 243 last week, bitcoin stalled to start this week unable to clear that 243 resistance. The 1H chart shows the bullish attempt to start the week which failed and eventually formed a double top. bitcoin 1h chart May 5 The break below 238-239 area was what completed the double top. It also broke last week’s rising trendline and put btcusd under the 50-hour simple moving averages. […]
