This idea has attracted my attention for several days.
Of course, there are other possibilities.
It seems that the most important support for Bitcoin is around $29,300 (now we are involved in this support).
Most likely, after the loss of this support, Bitcoin will see a heavy fall.
If it hits the bottom of the channel (about $13,800), Bitcoin is building its long-term upward channel, and don't think that Bitcoin is going to be destroyed.
Of course, there are other possibilities.
It seems that the most important support for Bitcoin is around $29,300 (now we are involved in this support).
Most likely, after the loss of this support, Bitcoin will see a heavy fall.
If it hits the bottom of the channel (about $13,800), Bitcoin is building its long-term upward channel, and don't think that Bitcoin is going to be destroyed.
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There is a possibility that Bitcoin will want to leave the ceiling of the channel after completing its encounter with the bottom of the channel.