BTC at top of new long term channel

١٦ أغسطس ٢٠١٧

Looks like BTC is due for a pull back. It took a few years to break out of the last channel. This new channel is relatively new. Combined with the very high bullish sentiment, I think a pull back to retest the support at $3000 is likely. It will be extremely bullish if BTC manages to break through the top of the channel, however. But this is a good risk/reward trade off to trim a little of your BTC position, and buy back in cheaper (not to short! don't short in a bull market! also, never go full fiat!)