a1Keith

The spike low. Does it change anything?

BINANCE:BTCUSDT   Bitcoin / TetherUS
The spike low and rapid (partial recovery) creates a wider down trending channel.
Now we must wait to see if price once again follows the slight uptrend outlined by the Schiff Pitchfork . So far it seems that it will be difficult for BTC to make new highs in the next few weeks.
If you look at the monthly picture of XAUUSD ( Gold ), You can see that after the all time high in 2011 price shot down then retraced back then a gradual downward trend for years.
BTC is doing something similar albeit on a much smaller and faster scale

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