BTC printed a small bearish flag (red on the chart) and it had a short drop this morning.
Outside of this drop Bitcoin has a trading channel that is cycling down to a decision.
Bearish scenario breaks down through the current channel and Bitcoin can draw down as much as $17280 before reaching another support level.
Bullish scenario breaks through the current channel and cracks the all important psychological level of $20K. This will fuel news stories and more money moving into the Bitcoin network.
Bitcoin will decide today or tomorrow.
Outside of this drop Bitcoin has a trading channel that is cycling down to a decision.
Bearish scenario breaks down through the current channel and Bitcoin can draw down as much as $17280 before reaching another support level.
Bullish scenario breaks through the current channel and cracks the all important psychological level of $20K. This will fuel news stories and more money moving into the Bitcoin network.
Bitcoin will decide today or tomorrow.
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