An update to an earlier analysis on BTC. We are right up against the major resistance now dating back to end of June on the daily chart. Watching for a breakout later today as an entry point for longs. If the resistance test fails then it could quickly turn to a short and there would be potential for a significant price drop within the range of the descending...
I presume a lot of people are watching this. For those not aware, there was a recent spike in BTC price due to tensions in the middle east primarily. The rally was short lived and failed to break the resistance dating back to the end of June 2019. It continues trading in the downward channel on the log scale graph.
