BTC has been very hard to predict lately, overtly bullish but showing clear signs of weakness like a fakeout and a $800 drop in a few hours. The rising channel seems the best pattern that fits the price action. The deviation outside the channel should have sent price plummeting beyond the channel but price decided to bounce twice of the channel forming a double bottom and rising to test resistance again after the the $800 drop. Now there is clear rejection from the channel resistance, one can assume maybe this time for sure that price will head to the channel support.
Kommentera:
can breakout
