Bitcoin on CME daily chart.
Bitcoin on CME daily chart shows price in a bullish reversal channel.
It is on track to meet the downtrend line between 22K to 26K by the 7th of September to the 3rd of October to try to break up.
The chance of breaking this trendline is less than the chance of failing and continuing to fall,
but it can happen. If we follow the path of inertia we can go for the bottom of the range at 18,500 dollars.
If it breaks up, it will get the 28,185 dollars.
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