Bitcoin $3,000 reversal: Healthy correction or the start of something bigger?

With the U.S. stock market on the slide again Bitcoin was not able to hold its recent rally, giving back all the gains made on Tuesday and into Wednesday. Was this a standard healthy correction, or could this be the start of a bigger reversal? If support fails, $BTC price could lose touch with the ascending channel Source: TradingView After a quick correction the $BTC price is back holding support at the bottom of the parallel channel . Is the correction over? It could be, but it will depend on whether the channel support holds. If it doesn’t, there is horizontal support at $81K, and then at $80,300.

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