According to my daily charts
, we are on the lower boundary of the BTC
daily channel that has been guiding bitcoin
basically since mid September before all the fork Shenanigans! If we can stay above the 6325 level and in this channel, then BTC
is just consolidating (all be it on the fringe of this pattern) while still maintain a bull market! However, if we break the 6325 levels today, in my opinion, we will be changing patterns and in a major state of uncertainty! The BTC
market could move into a bearish
overall market if this were to happen, and I will personally be jumping ship till some equilibrium arises! But, if we HODL, now could be a great time to enter the market!