BTC Possibilities - Do we Break the Downtrend Channel?
An interesting time for bitcoin right now, this daily chart shows what an important candle we are on.
3 possibilities are:
1) We stay in the downward channel and hit a new lower low.
2) We break 10k but the 61% fib level reverses the trend sending us on track to finally break the trend.
3) We move sideways for awhile before finally breaking out upwards.
What are your thoughts?
3 possibilities are:
1) We stay in the downward channel and hit a new lower low.
2) We break 10k but the 61% fib level reverses the trend sending us on track to finally break the trend.
3) We move sideways for awhile before finally breaking out upwards.
What are your thoughts?
Quick update.