After testing the bottom of the channel, BTC retraced to the 38.2 fib and was rejected. Watch out for a retest of support around 8,000 which should also be near the bottom of the channel again. After that, a strong move up is likely. However, it's possible we fall through the bottom of what I have displayed and test 6,000 again. This could take 3-5 weeks to play out in my opinion.
Note
FYI im using a log chart for weeks
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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.