BTC Price Gonna Break the Channel???

The price of bitcoin has been in a descending channel on the daily chart ever since putting in the all time high.

Right now price is at the top end of it, however its basically going sideways to creep out of it. We are not getting a clear move up or down. Right now it feels like both the buyers and sellers are sleeping.

I suppose it is the weekend, and a holiday one at that.

Here's the chart so you can visual see what I am describing.

What will the catalyst be for us to spark one way or the other???

I will say this, between the M2 money supply rising and the initial shock of all the tariff stuff (which in theory doesn't impact BTC) it shouldn't take much to spark a rally higher.

All I can do is sit here, stack and wait.

Posted Using INLEO