The price is trading within a channel right now with an obvious downtrend. We believe that this is creating a downward , which can cause some explosive move to the upside. Once the upper channel of the is broken with some we believe that bitcoin will make one of those explosive moves and will actually move to new all time highs when that happens! However, it might stay in this downward trend for a little bit longer before exploding higher.
It will be interesting to see what ends up happening here! Best of luck to All!