Bitcoin ready for it's next leg down ???

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Since breaking the descending triangle it looks like COINBASE:BTCUSD has been a downward channel with strong support along the centre line.

With moving averages above us, increasing volume and the oscillators on a 4 hour chart pointing bearish a break of this middle line that's been relevant since late June could lead the way to a retest of the $7700 area and if broken possibly a retest at the bottom of the channel.


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