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UPDATE - Downtrend to resume as bearish pennant seems to form

Bitcoin (BITMEX:XBTUSD.P)  
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BITMEX:XBTUSD.P   Bitcoin
Trend Analysis Chart Patterns Technical Indicators Bitcoin (Cryptocurrency) Cryptocurrency Bearish Patterns downtrend
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trendanalysis chartpattern indicator bitcoin cryptocurrency bearish downtrend
As the day went on, BTC had a nice green wick to counter, albeit for a short period of time, the bearish momentum. As the new high is lower than the previous, it seems to stay within the confines of a bearish pennant. I expect the downtrend to continue into the lower 7ks with more conviction.

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Downtrend to resume as bearish pennant seems to form
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