#BTC UPDATE:

$BTC is now trading around $70,900. It is still trading inside an uptrend channel on the daily timeframe, which is a bearish pattern. So, a possible scenario is if the price dumps and gives a good breakdown, then we may see bearish momentum in Bitcoin. Otherwise, if the price pumps from here, it may go towards the upper resistance trendline of the channel. Keep an eye on it and stay tuned with us for further updates.