Either a rebound or a breakout imminent on BTCUSD

Past performance is not an indicator of future results.
BTCUSD is heading towards the resistance line of a Channel Down. If this movement continues, we expect the price of BTCUSD to test 8434.6300 within the next 17 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.