Bitcoin price has almost reached maximum consolidation inside a descending triangle pattern today, having spent the last 3 days narrowly range bound between $9400 and $9580. Bitcoin Daily Chart On the daily BTC/USD chart we can see how Bitcoin has made 4 lower lows over the past 20 days and found reliable support twice at the $9,400 level. By connecting these points, we can see that a bearish descending triangle has formed which paints aRead MoreThe post Bitcoin Price Analysis: BTC Prepped For Another Bearish August appeared first on Bitcoinist.com.