A huge dump that occured today put Bitcoin in danger of falling out of an ascending channel it has been in since August 13. If it does not fall out of an ascending channel (green lines) during the next 12 hours, I would be bullish on Bitcoin short-term (green arrow). If it does fall below the 6900 mark (red arrow), you would be better off selling it and waiting until it hits the 5900-6000 "bounce zone" (yellow lines), which can as well serve as a good buy zone:
Note: I do not provide any financial advice. Take any action at your own risk.
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