BTC is still trading in the channel. While it may look bullish on the day graph, it's going to retrace to $8,800 or the MA(200) around $7,200. Volume is decreasing and it looks unlikely to break out of the channel or the fib at $11,600
Note
Turns out I was right!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.