Bitcoin is holding up really nicely here, but still trading in a channel, so no confirmation is available either way. At the upper channel boundary of a bear flag, we would expect Bitcoin to quickly sell off, but this hasn't been the case. As long as Bitcoin continues to range in the top half of the channel, above circa 74k, I am inclined to remain bullish, and believe Bitcoin will continue higher. Equities are showing you the bull market has not ended, the ISM is showing you the economy is in expansion, and this is where I believe Bitcoin and large cap altcoins more broadly will stage a recovery that the majority is not expecting.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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