Assessing if Bitcoin back to its previous week lows is a real possibility

After a rather short-lived string of higher troughs and peaks within the bounds of a three-month up-channel (yellow), Bitcoin [BTC] headed south while dropping below some critical price points. While the near-term trajectory clearly revealed a bearish vigor, BTC HODLers were defending the 16-month floor at $28.8K.  The king coin now stood in a critical […]