#Bitcoin has been trending in a channel for over a month. I can see a few confluent reasons for another drop to $6.7k area before moving on-wards and upwards. In my opinion, we will test 200 simple moving average
on 4 hour time frame. Moreover, the bottom of the channel trendline. Finally, there are a lot of stops stacked right under the recent drop ( aka
liquidity). This is where I will go Long.