Bitcoin Hit Resistance Post-Breakout
After breaking up and out of the downtrend channel, Bitcoin has hit horizontal resistance near 
31K which stems from the price peak in mid-April. Price has been capped by resistance for 6 days, failure to move above resistance soon will likely lead to a reversal.
Lower indicators are reading bullish after the channel breakout which is worth keeping an eye on. View on price for now is neutral; a move above resistance will flip me bullish, a dip back below 30k will tip me bearish.
31K which stems from the price peak in mid-April. Price has been capped by resistance for 6 days, failure to move above resistance soon will likely lead to a reversal. Lower indicators are reading bullish after the channel breakout which is worth keeping an eye on. View on price for now is neutral; a move above resistance will flip me bullish, a dip back below 30k will tip me bearish.
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