With the famous meme #crypto hitting the bottom of its descending channel (DC) and bouncing off a major line of support at .409, the bears may be running out of steam and passing the buck to the bulls. If we can make it north of the middle line in the DC, we're looking at climbing back to the .50s.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.