recent downtrend extrapolated

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
The most recent downtrend traces all the way back to ath . but as you can see we have been trading in a narrow downtrending channel as of late. There are multiple barriers to prevent a higher breakout, and volume is still on the decline. Couple the technicals with bearish fundamentals re bfx and tether (spoof and wash trading/faking money being printed) and we can hypothesize actual volume to be far less. Looking back at previous tether prints since december, we note a small pump and then price reversal as consistent behavior.


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