BTCUSD has been in a downtrend essentially since bitcoin futures have started. As you can see by the downward channel from the 20k-17k peaks and the more short term channel from 17k-13k peaks. I personally think it will continue downward short term and touch long term uptrend at 9k and 7k. But on the off chance that it breaks above its short term downtrend, it could go and trade as high as 14k before continuing its downward trajectory. Anything higher than 14k could be a new bull market but this event is highly unlikely in the upcoming months
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This idea was supposed to be a short