Take a look at this chart and please understand that this is not trading advice. I am simply taking notice of the larger trend that BTC has been trading in and continues to trade in. Any hope and dreams of this being more than just a wick at this point are just that, hopes and dreams...the fact of the matter is that until we can prove that this is a reversal impulse move that will get us out of the bear trend, we remain in a bearish channel just above a support that if broken could be catastrophic for the BTC price. Full disclosure, I have a short position on margin and a long position with no margin. I use shorts to hedge and I believe this is a great hedge position to have. The fact of the matter is that this view on Bitcoin's price action over the past several months is valid and should not be discounted. Of course we want Bitcoin to reach $30k tomorrow! But traders need to be cautious to not let their emotions steer them wrong.