Bitcoin Fails to Print a Higher High: Next Down-Leg Underway?

Bitcoin printed a big 7.25% gain from the bottom up to the $81K horizontal resistance on Wednesday - a monetary increase of $5,500. However, once the $BTC price hit the important $81K resistance a rejection took place. With the failure to make a higher high, could Bitcoin go on to make a lower low in this next down-leg? Resistance hit: consolidation or down-leg next? Source: TradingView Even though the $BTC price found strong resistance at $81K, Wednesday’s surge, as the U.S. midterm elections resulted in a hugely favourable win for the Democrats, was as strong as it was unexpected. However, as predicted by Crypto Daily, the W pattern played out and the $BTC price was buoyed up all the way to the intersection of the two parallel channels .

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