Bitcoin Bearish or Bullish now?
Two days ago, Bitcoin broke down out of the upwards channel from December 2020/Jan 2021 to May 2021. Since then it has regained some strength, but it has not cleared strong resistance at 42k and it has yet to test 45k which will be strong resistance. Until Bitcoin can seriously test these levels and flip resistance into support, it remains bearish and I would say bitcoin has not recovered.
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