The truth is that it is respecting the bullish channel very well. I think that sooner rather than later we will see BTC in the 70 - 75K$.

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The truth is that it is respecting the bullish channel very well. I think that sooner rather than later we will see BTC in the 70 - 75K$.
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I would agree with that.
The channel is nicely forming.
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Now lets just hope that bottom channel doesn't break otherwise it might need some more time to consolidate.
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Downward breaks tend not to be consolidation but oh shit moments. LOL
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I think it's fine since there is still a decent amount of support underneath. At most it will only shake out those weak hands.
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That is true. We are not about to see the mega companies, selling. Grayscale just added another $1 billion to their coffers, something that is not about to hit the open market anytime soon.
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