After being rejected from $72,000 a week ago, $BTC price has dropped to test support at $67,000. A bounce here, or perhaps just below $66,000, could be the next move for Bitcoin.
In the daily chart above, $BTC price is still meandering within the bull flag, although some support levels have formed within the bull flag. If $BTC can hold above these support levels, then the descending trendline will likely squeeze the price to move in one direction or the other.
If the price breaks down, there are other support levels, and if the worst happens, it is unlikely that the price will break down below the bottom of the bull flag.
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