Bitcoin Taps Lower Boundary of Bullish Channel; Break Below Could Spark Massive Sell Off

Bitcoin (BTC) has been caught in the throes of immense volatility over the past several days and weeks, with the cryptocurrency recently dropping to lows of $6,500 before posting a sharp bounce to $7,400.
The momentum sparked by BTC’s bounce at $6,500 appears to be faltering, however, which could signal that it will soon drop below the lower boundary of the bullish macro trading range that it has been caught over the past several months. If this happens, it could open the gates for signifi