Since price had a bearish breakout from the bullish channel almost two weeks ago, bearish pressure continues to push Bitcoin lower. Where price traded as low as $7100 this week. Now price has been trading just above the key support for the past few days. Look for price to break key support of the bearish channel or a potential bounce to the upside.
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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.