This looks like an expected Bitcoin path to me. We are still adjusting to the unsustainable breakout, where the price nearly doubled in two weeks in late-June-early-July, but things have balanced out and we are near the middle of the channel. Right now things could go either way, but I seriously doubt Bitcoin can drop below the $11k support
Comment:
A break above the top of the channel at any point in the future would invalidate channel and lead to high gains in the mid and long-term