Bitcoin - Will we breakdown from the rising channel ?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
In my previous analysis on Bitcoin , I called for a drop to Bitcoin to 7700. I am still confident in my short, and will continue to hold. A breakdown of the rising channel and engulf of the demand zone that was been tested would confirm in my opinion.
Comment: Broke the rising channel, engulfed previous demand, below the daily pivot. Bearish.


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