Bitcoin Breaks Parabola With Big Downtrend, a BTC Correction Inbound?5.2

After managing to stay situated above $11,000 for a number of days, Bitcoin (BTC) has begun to slip. This is a far cry from the performance seen earlier this week, with one day seeing Bitcoin post a 20% daily gain.

However, this rapidly changed when BTC tapped $13,800, failed to break past this key technical level, and subsequently broke down. As of the time of writing this, the cryptocurrency has found itself floundering in the $10,500 range, down 10% in the past 24 hours.

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