Was it a fakeout or not?

On July 19 Bitcoin exited its previous channel with a high volume. It's considered as a breakout by traders but the breakout didn't work. Bitcoin started going down. So it was a fakeout! However, a bullish accumulation channel (known as flag formation) appeared in Bitcoin. Will bitcoin breakout the channel again with flag formation or was it a real fakeout? We will see.

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