Sorry Bears, Bitcoin Is Still In Mid-Term Uptrend: Here’s Why

Bitcoin started a downside correction from the 2020 high at $9,191 against the US Dollar. However, BTC price is still in an uptrend and it could find buyers near $8,000 or $7,670.Bitcoin price started a short term downside correction below $9,000 and $8,800.
It is currently trading above $8,200 and there are many important supports on downside.
There is a declining channel or a bullish flag forming with resistance near $8,500 on the daily chart of the BTC/USD pair (data feed from Kraken).
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