Bitcoin Cash, Synthetix, and Algorand posted losses over the past few hours as Bitcoin saw a wave of selling pressure. The defense of $32,000 for Bitcoin, or the lack of defense, would have a major impact on the altcoin market as well.
Source: BCH/USDT on TradingView
BCH formed a descending triangle pattern (orange) and broke out to the upside. Yet, it was unable to push past $540 and formed a double top. Combined with selling pressure on Bitcoin, BCH was forced to cede…
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