Bitcoin Renko Chart w/ Daily Timeframes

Bitcoin all time history index INDEX:BTCUSD

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BTC price action with the removal of time via Renko indicates a clear culmination point is in play… as BTC hits the lower end of a long-term ascending parallel channel .

Reversal or bounce is likely based on support trend-line, key distinction being the macro headwinds the markets are facing from the economy.

Useful chart view to gain another perspective.

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