Bitcoin (BTC) Price Watch: Bullish Channel Still Intact

Bitcoin Price Key HighlightsBitcoin price broke down from its short-term consolidation and is down to the longer-term channel support.
A bounce could still allow the uptrend to resume and take price to the resistance at $7,000.
A break below current levels could lead to a pickup in selling pressure and prolonged declines once more.Bitcoin price tumbled below its short-term consolidation to test the bottom of its ascending channel on the 4-hour chart.
Technical Indicators Signals
The moving avera