A move above the August high of $65,200 will invalidate the bearish lower highs pattern, analyst at Bitfinex said.

  • A move above the August high of $65,200 will invalidate the bearish lower highs pattern, analyst at Bitfinex said.
  • Weakening spot market buying pressure points to short-term consolidation, analysts added.

Bitcoin (BTC), the leading cryptocurrency by market value, has rallied 16% since testing lows under $54,000 early this month. A bullish revival, however, is not yet confirmed, according to analysts at cryptocurrency exchange Bitfinex.

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