We've come back down to test channel support - BTC 101
People seem to be getting extremely bearish right now but all we've done is come back down to test the support of our channel after breaking out of it in what is an extremely typical and predictable Bitcoin behavior.
The support does need to prove it can hold, though. We could get a few wicks back into the channel for whale buying liquidity but as long as we close this 4-day above it, I see this as an extremely healthy and bullish retest of the channel breakout area/support.
The support does need to prove it can hold, though. We could get a few wicks back into the channel for whale buying liquidity but as long as we close this 4-day above it, I see this as an extremely healthy and bullish retest of the channel breakout area/support.
