Bitcoin exited a rising channel, drop to $20K?
Bitcoin just exited a channel on the 1 hour time frame. Volume appears to confirm loss of demand at the $23,000 level.
Hopefully,
BTC finds support at $20,000!
Hopefully,
BTC finds support at $20,000!Note
I mislabelled the 200 EMA. It's actually for the 1-hour and not daily!Note
The Weekly does show a "death cross" of the 200 and 50 Week EMAs.Order cancelled
Bitcoin does look bullish again! It re-entered the Pitchfork channel and On Balance Volume confirms demand.
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