Bitcoin Update — Rejected Breakout

Yesterday, Bitcoin attempted to break out of its ascending channel and we could finally see some upside. Unfortunately, the attempt was rejected strongly and that is definitely not what we want to see.

Today, Bitcoin started the day quite weakly, with little trading volume. So it looks like we have to wait for the US markets again.

The picture has not changed significantly apart from the breakout attempt. I believe we will still see another drop to sub-60 levels before we can move higher.