$BTC #Bitcoin 5 Day Chart of the Gaussian Channel (Caution)

The Gaussian Channel 5 Day time frame $BTC #Bitcoin Chart. As you can see price has been bouncing of the top of the channel (Look right). In the history of BTC (Look left) when there is a candle body close below the top part of the channel this signaled a pro longed Bear Market of not less than 1 year. Key level to hold on the 5 day chart is $36,600.00 (Price is now at $32,800.00). In 1 Day & 15 hr's time price could be in the channel with a candle body close and this could be catastrophic for $BTC #Bitcoin. What we want is a bounce and a candle body close above the top of the channel and not a candle body close below the top of the channel. We will have to watch this closely in the next few day's to determine what happens next for the $BTC #Bitcoin Price