BTC Faces Key Crossroads - (fight of the channels)

٤ ديسمبر ٢٠٢١

Essentially, BTC has traded rangebound within the 30s-60s for 11 months. After our large correction in May, we started a trend up with key changes in market structure forming macro higher highs and lows. In the past month, BTC continues its slide down the red channel. This seems like a pivotal moment in BTC's bull vs bear journey. Which channel will win short-mid term? Long-term I think most of us have a reasonable idea where price is headed.