Bitcoin is just trading in a parallel channel. Nothing suggests any structure is broken but looking at altcoin, as per my other charts, its primed for an altseason across the board based on this sideways price action for bitcoin.
Have you considered outside forces that may have levitated Bitcoin into an equilibrium price bracket between sellers and buyers? Look at the price supply and demand and tell me bitcoin is bearish.
DU09
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Yes, but unlikely we sit in this long. I am a bit bearish here.