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Bitcoin Attempting a Bullish Rebound at $63k

Bitcoin attempted a failed breakout above the yellow channel, and started to trend back down yesterday evening. The price is trading near the lower end of the yellow channel again, and Bitcoin could still drop further to around $62.6k. For now Bitcoin is forming a rebound around $63k, but I think it’s more likely that the price drops a bit lower over the next few days. I’ll give more updates to see how the rebound looks. It is important to keep in mind that a lot of traders and investors are interested in buying this dip as we approach a seasonally bullish Q4.

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