Bitcoin

BTC: Rising Channel

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BTC has been trading in this channel since mid-June. I think it is definitely possible to see a move up to 25K - 30K in the coming weeks. Currently, I'm looking for another buy setup, either at the bottom of this large channel, or a possible break upwards from this smaller correction.

If we see a move below $20,700, then that would be a lower low, which signals further bearish movement to the downside coming.

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