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These Simple Factors Bolster BTC’s Bear Case

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#1
Bitcoin Jack, another popular cryptocurrency analyst on Twitter, explained in a recent tweet that there are a few simple factors that suggest BTC will see further losses in the coming days and weeks.
Quote:“Reasons to be bearish: BTC lost parabolic accelerations > +requires confirmation, but looks weak. USDT dominance falling wedge > +target aligns with total mcap supports. Majors incl BTC at USD resistance. Total mcap weekly gravestone doji > +diagonal resistance,” he explained.
Quote:[Image: LByKFxUI_normal.jpg]
[/url]//Bitcoin ?ack@BTC_JackSparrow




Reasons to be bearish$BTC lost parabolic accelerations
> +requires confirmation, but looks weak$USDT dominance falling wedge
> +target aligns with total mcap supports

Majors incl $BTC at $USD resistance

Total mcap weekly gravestone doji
> +diagonal resistance
[Image: EQ5pfYyUcAAz5nn?format=jpg&name=360x360][Image: EQ5pfZ8U8AAZoXo?format=jpg&name=360x360][Image: EQ5pfaQU0AALEY3?format=jpg&name=360x360][Image: EQ5pfa4U0AAl6lD?format=jpg&name=360x360]


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1:32 PM - Feb 16, 2020
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[url=https://twitter.com/BTC_JackSparrow/status/1229035747199475714]



How Bitcoin responds to its current position at just below $10,000 should offer significant insight into the long-term significance of this recent correction.
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