BITCOIN - Downward Trend - Buy/Cover Order Active at $29500

Bitcoin continues downtrend. According to channel shown based on local highs and lows, we are seeing a fall to the downside of the channel right now. Selling now, and recovering at a lower cost could be advantageous.

Volume shows DECLINING support/amount ... which tells me current bulls are not willing to push price up, and sales are still slow for this price point.

I am an amateur trader, do not take this chart as advice, or guidance, merely my perspective.

Cheers, like if you found this helpful.

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Target reached 3 hours ago.