Yesterday the bitcoin price broke the Donchian Channel to the downside
and it reached a low of $3553. The abrupt move put an alt to what was beginning to look like a bullish momentum.
Bitcoin price is trading in the lower half of the channel, below the midline.
So the bears are still in control and another push down to $3200 is possible.
It will take an absolutely furious bull to bring the bitcoin price back up to $4100...
Which is where I would consider adding more longs.
I hope you are enjoying my bitcoin price analysis of the day.
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