Bitcoin Price Technical Analysis for 02/07/2018 – Another Trend within a Trend

Bitcoin Price Key HighlightsBitcoin price is trending lower on its 4-hour time frame but is bouncing off support.
A pullback to the channel resistance could be underway, but there are also nearby inflection points.
In particular, a descending trend line connects the highs since the start of the year and lines up with Fib retracement levels.Bitcoin price continues to trend lower but is in the middle of a correction, possibly to the long-term channel resistance or a short-term falling trend line.