Bitcoin appears to be stagnating a little bit at the moment with neither bulls nor bears really satisfied (yet). However at the moment on log chart we can see bitcoin has not held the bottom of the channel and looking a little weak.
I’ve drawn in another lower parallel, time will show if this will provide support. End of the bear trend idea is being tested here though. If there are no buyers coming in then price will fall.
All feels a little omminous to me. Can there be a new lower bottom ? Or can price bust through long term resistance ? Or are we going to watch it stagnate keeping bulls and bears unsatified? Well I don’t know. Answers on a postcard please