Bitcoin is a downward channel and in need of new money

6800.00 could be next stop. If we drop below the 200 again we could be in serious trouble. If you examine the chart you will clearly see the downward channel and where we're headed. I'm just going to HODL through it because there could be upside breakout as well. We're in a very vulnerable position being that we are at the top of a channel.

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Now that we hit the .618 where to now?