BITCOIN: A Potential Bearish Scenario

From the chart, we can see that BTC is in a difficult position.
On one side BTC broke out the resistance area of the bigger picture.
If this area of support will hold now we can see BTC moving higher over the coming weeks.

For the bearish movement, we need to see also some developments as well. We
can see that the price broke out of the channel but this is not definitely confirmed that the price
will move lower.

So look at the price developments as both moves are possible.

Thank you and Good Luck!