Bitcoin holds on: Breakdown not confirmed - Is the rally back on?
Photo: Crypto Daily
Despite the sell-off in the AI and precious metals sectors due to poor U.S. inflation data, Bitcoin came back from the brink on Thursday, having broken down below its ascending channel. The bulls rallied back strongly and the $BTC price ended the day back inside the channel. Is this the first warning of a big breakdown, or is this a sign that the rally is not over yet? Having broken down below the big ascending channel , the $BTC price looked done for as it fell to around $79,700.
Source: Crypto Daily
