Bitcoin Breaks Down: But Has It Really?

In terms of a parallel channel it looks as though the Bitcoin price is breaking down, with $81K at least in its sights. However, if a tilt is put onto the channel, the price action fits better inside, and this gives the $BTC price a bit more leeway to the downside. Could it be that a bounce might be coming instead? It’s amazing what a little tilt can do to what was a horizontal channel .

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Crypto Daily.