BTC TO 21.7K and maybe heading lower than that?

6 ส.ค. 2022

See my chart from a few days ago below. Bitcoin needs to make a decision soon as we've been in this channel for quite a while. It looked as though we were bouncing off the center of the channel heading back up to the top of the channel but ended up moving sideways. More likelihood we head back down to test the bottom of the channel again and this time perhaps break it to the downside. Macro-economic environment not looking good at all and this recent rally may have just been a mid bear market rally.

Play it safe and remember, this is not trading or financial advice.