DON´T PANIC - BTC is still trading within upward channel
Updated
if you look at the chart you can see that BTC is now correcting, it hit the resistance of the upper trend line as expected and might retrace back down to the lower trend line (around 9300-9550$$), we only need to worry if BTC breaks the lower trendline. I personally don´t think the lower trend line will be tested, it might reverse just above that. There is too much positive momentum in the market at the moment and BTC is just getting ready for the halving bull run - when the halving actually happens i expect BTC and alts will dump hard and then slowly recover.
Note
we just hit the lower trendline, have to see if it will bounce from here or go further down. If we go further down we probably see some bearish action for a few weeks.Note
now look how nicely that played out..
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