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Correction Inevitable? Bitcoin Paints a ‘Shooting Star’ Pattern on Key Timeframes

Correction Inevitable? Bitcoin Paints a ‘Shooting Star’ Pattern on Key Timeframes | NewsBTC

The new weekly and monthly Bitcoin price candle kicked off with a powerful move to the upside, but yesterday was rejected with force. Although it is extremely early in each trading session, the recent price action has left behind a Shooting Star doji on weekly and monthly timeframes, which could signal that a larger correction is inevitable.