Bitcoin has been within this broadening channel for nearly a year now and it is currently on the trendline within the channel. Price has not gone above this level for over 200 days! With that being said it is very likely that bitcoin rejects this level again and paints a new lower low. Keep your eyes on this one, it has a great risk-reward and an even better probability of winning!
Let me know what you guys think about bitcoin and it's future direction!
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