Bitcoin Price Analysis Bitcoin Faces Pivotal Support as Bulls Exhaust Buying Pressure
After seeing a rally to the $11,000s, bitcoin has managed to pull back to the $9,000 range and has left many bullish investors confused. The initial bullish rally seemed promising as it broke the macro, descending channel that governed much of the market over the last two monthsFigure 1 BTC-USD, 6-Hour Candles, Descending ChannelThe breakout of the descending channel red dotted channel gave hope to many bullish investors as it seemingly signaled the end of the downtrend and perhaps the beginn |  | Bitcoins News Zeler |  |  |
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