I have a sense that the hammer low of 6,000 might be retested on Bitcoin, as shown on the weekly chart beneath. From fee motion on this time frame, it seems that measured promoting has been going on ever because it nearly reached 20,000.
Additionally, 6,000 is the approximate median degree of a downtrending channel on the daily time frame. Fee has fallen again into this channel after a failed breakout.
What is does after the sort of retest should be "interesting."
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