Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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BTC is back inside its traditional upward channel, however, still on the upper side of it. So it is not surprising that there is still a lot of bearish sentiment and seller dominance in the market at this time. It will take a catalyst to convert bears into bulls, and bring the cash back into BTC.
8k is still a possibility, but multiple resistance lines between 11k and 8k still. Market recognizing that these are good prices for long term buy.