Bitcoin: Waiting breakout of bearish channel
Bitcoin is evolving inside a bearish channel since its top of 69K. This morning, Bitcoin tried to break out of that dynamic channel but without any success. I sold all my positions and I'm waiting for a clear confirmation of a breakout above that channel, or else price is going to 53K in the near-term. If price goes to 53K, this may just be the start of the bear market. I would still buy at 53K but just for a relief rally.