Low Risk Entry: Bitcoin's Do or Die Moment
Updated
BTC has been forming a low volume tight little range on the right side here with some really low risk entry around 29400 and exit at 28880 (or switch to short).I've drawn up the lower support here, the if the bottom of this channel is breached on volume we could see a decent shakeout.
Overall, the crowd is quite bearish on BTC but it's been showing good resilience against many asset classes int he very recent sell off.
Let's see how this plays out.
Note
As per the above, the channel support was breached, let's see how the news of Grayscales ETF impacts the cryptospace in coming weeks. Showing good resiliance but still not a time to be long and strong
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