Bitcoin Trades Within Descending Channel as CME Gap Gets Filled

Bitcoin Trades Within Descending Channel as CME Gap Gets Filled


Bitcoin

BTC$107,839.82

is currently moving within a descending channel a persistent bearish structure that began on May 22, when it hit a high of $112,000. After reaching this level, the price fell about 10% to around $100,000.

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It then made a lower high at $110,000 on June 10, which was followed by a roughly 10% correction, taking it slightly below $100,000 during market reactions tied to the U.S.-Iran conflict.

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STORY CONTINUES BELOW

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