BTC price resistance in the form of a downward-sloping channel is getting a grilling, which Bitcoin bulls hope may be its last.
Bitcoin (BTC) faces a crunch weekly close as bulls seek to break through a seven-month downtrend.
BTC/USD 1-hour chart. Source: TradingView
Data from Cointelegraph Markets Pro and TradingView reveals BTC price action attempting to crack resistance in place since March’s all-time high.