Bitcoin and Ethereum Lead Crypto Market Recovery, But It's Too Early to Celebrate: Crypto Market Review, July 18
Technically, Bitcoin is also not feeling well as it fails to break through the bearish flag formed during a sharp downtrend on the market. The massive selling pressure makes the asset extremely oversold, which causes a short-term consolidation that transforms into a flag or a pennant.A breakthrough in either direction would give us a signal about the upcoming movements of Bitcoin on the market, but the lack of trading volume sent BTC back inside the flag.