Bitcoin is close enough to my lower channel levels that the old $49K framework is back in play, but confirmation still depends on acceptance below the high-$50Ks and stress from flows, leverage, and miners. The post Bitcoin’s $57K slide puts my $49K cycle-low thesis in play unless bulls reclaim ...
Source: [CryptoSlate](https://cryptoslate.com/bitcoins-57k-slide-puts-my-49k-cycle-low-thesis-back-in-play-unless-bulls-reclaim-60k/)