After a long period of consolidation the Bitcoin price has finally dropped 10% and currently is sitting on the lowest line of the downward sloping channel. This is a dangerous moment because there is now going to be very strong resistance above this price. Even if there is a bounce it could very quickly rebound with velocity and plummet below the channel for a major crash.
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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.