Looking at the 1-hour BTC/USD chart below you can see the trendline has broken and been retested.
Overall this is a rejection pattern and could indicate that the price is heading lower.
Now 7,428.50 is the low that needs to be taken out for the bears to assert their dominance.
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Ethereum technical analysis: ETH/USD another potential drop south eyed
Ethereum price is trading in the red, up 2.05% the session on Monday
ETH/USD downside momentum continues with the price running at its fourth consecutive week in the red.
There is a lack of signage in a change in trend, as the price trades around the lowest levels in eight months.
Litecoin Technical Analysis: Price breaks pattern to the downside as a new wave of selling kicks in
The crypto market has started selling off once again within the last 30 minutes.
LTC/USD was vulnerable for a break lower and now the triangle pattern has been taken out.
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