After BTCUSD found highs around $13,890 in June, the crypto has found itself in a spiraling downtrend, with pulls back northward sporadically. Bitcoin hasn't been able to escape this daily channel, but if it does, a breakout is possible. Bounces and pullbacks from $9-12k have occurred since June, but support hasn't been broken since. The cryptocurrency is currently hugging the upper channel trendline at $9300.
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