Bitcoin just failed to get back into the bullish channel, continuing its bearish descent. After a strong start in March it seems that this bull-run has come to an end. This trade is based on the idea that Bitcoin will fall further.
Overall, I'm still bullish on Bitcoin. Although, the risk of a correction is getting bigger with the day.
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.