On the daily chart, Bitcoin (BTC) is still located in the rising channel even. In this case, every correction may be considered as a short-term drop but not a start of the prolonged downtrend. That is why the end-point of around $13,000 may be attained after a consolidation period.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.