BITCOIN failed to break the DOWNTREND!
Updated
Hey tradomaniacs,
Bitcoin-Bulls failed to push price above the current trend-channel and are now forced to liquididate positions (especially on margin) which is causing another drop back into the trend-zone.
So far fakeouts like that are usually manipualtions by sellers to attract more buyers in order to provide liquidity the sellers need to fill their positions.
Can 40k HOLD? What do you think?
Bitcoin-Bulls failed to push price above the current trend-channel and are now forced to liquididate positions (especially on margin) which is causing another drop back into the trend-zone.
So far fakeouts like that are usually manipualtions by sellers to attract more buyers in order to provide liquidity the sellers need to fill their positions.
Can 40k HOLD? What do you think?
Note
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