Bitcoin Analysis 6/5/23 (Ascending Channel Breakdown)

BTCUSDT Perpetual Contract (BYBIT:BTCUSDT.P)

BYBIT:BTCUSDT.P BTCUSDT Perpetual Contract

Bitcoin broke down from this massive Ascending Channel on the 2 Day Chart. It it possible that the price could pump to retest the channel. We're currently not seeing a spike in volume so I don't believe this downward move / change in direction is confirmed yet.

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