How Bitcoin Tied Itself in Knots and Might Just Make a Break for Fortune or Fumble Again

Now, after reachin’ a highfalutin $123,218 on the 14th of July—like a rocket that got tired—our dear Bitcoin has come crawl in on itself, retracin’ a few paces and tradin’ between $116,000 and $120,000. If you look real close at the lil’ charts, she’s makin’ a descending channel—a neat little pattern of lower highs and lower lows. Support’s holdin’ at about $115,500, while resistance has planted itself stubbornly at $118,000 to $120,000. So it’s a regular standoff, like two ole cowpokes starin’ each other down on a dusty trail.




