Looks like Decision time for me. BTC is currently trading right where the resistance of those two channels meet.
Bitcoin had an explosive breakout to the upside earlier in June, so that could happen another time. Heavy trading activity (and selling pressure) here. Uptrending Channel Trendlines were respected even after we fell back into it. Another correction to the downside before deciding which one it will respect is possible. Though this is BTC, so everything is possible. Will closely watch which one to follow.
Bitcoin had an explosive breakout to the upside earlier in June, so that could happen another time. Heavy trading activity (and selling pressure) here. Uptrending Channel Trendlines were respected even after we fell back into it. Another correction to the downside before deciding which one it will respect is possible. Though this is BTC, so everything is possible. Will closely watch which one to follow.
