Bitcoin Trend Cap – Price Must Test the Floor $BTCUSDBitcoin / US DollarCOINBASE:BTCUSDHollywood260AB A trend cap occurs when two bars of similar height form near the peak of a move, capping the trend and signaling that price isn’t going any higher. Bitcoin has just printed one on the 30-minute chart, rejecting off the upper Bollinger Band. This means price is now set to return to test the floor it recently established. Many traders are misreading this as the start of a recovery, but this pattern suggests that the test will fail, leading to further downside. Know thy shoe. The shoe will find the ground. BTCUSD BTC1!