Bitcoin has been trending down since last November in 2021. It is currently rejecting hard off of the top of the trend channel.
From the current look, it will likely fall back to the 37,400 - 39,800 range. From there, we may get a bounce back up. However, if there is not enough buying power... it may fall further and test below 30,000. The only thing that I could see changing this picture would be a massive pump by the institutions and a "melt up". However, I'll cross that bridge when I see it. Will be watching and updating.
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