Bitcoin Update — Breakout Rejected!
Yesterday, Bitcoin attempted to break out of its ascending channel, and finally, we could see some value kick in. Unfortunately, the attempt was heavily rejected, and that's definitely not what we wanted to see.
Today, Bitcoin started the day rather weakly, with a meager volume. So, it looks like we have to wait for the U.S. market again.
The picture hasn't changed dramatically besides the breakout attempt. I am convinced we will still see another drop to sub-60 levels before we can go higher.
