Bitcoin Just Rejected $13,600—and That Could Trigger a Move Lower

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Bitcoin has undergone a strong rejection at $13,600 after an attempted breakout on Thursday afternoon. The coin currently trades for $13,200, more than $400 below the aforementioned highs. Analysts think that this failed breakout may be a precursor to more losses. One noted that Bitcoin will see “more of a pullback” in the near future. The chart shared with this statement depicts that key levels to watch will be a number of supports around $13,000, then more notable levels toward $12,500 and then $12,000. Bitcoin Fails to Pass $13,600 Bitcoin has undergone a strong rejection at $13,600 after an attempted breakout on Thursday afternoon. The cryptocurrency has since returned to $13,200 as of this article’s writing, basically reversing the attempted breakout. While all this price action is granular, analysts think that it may be a precursor to a further move lower. A crypto-asset analyst shared the chart seen below on…

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