These are some exciting times for BTC, we have again rallied up to the downtrend channel that we've been in since the sky high of 20K. This is a telling moment: breaking out would be incredibly bullish and likely a good position to enter on a swing trade. On the other hand rejecting off this is going to send us back down (obviously), we have a couple support levels set in the price action that the bulls need to keep in order to retest the downtrend channel again later if this time doesn't pan out.
The time is here, do the bulls come out in force and break us out? Or are we heading back below 9300?
The time is here, do the bulls come out in force and break us out? Or are we heading back below 9300?
Comment:
Breakout happening as I write this. Is this what the bulls were waiting for?