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That high sits well below the $66,900 peak set ten days earlier, continuing a pattern of lower highs that has defined the past two weeks.
Rejected at the Channel, Retesting the Floor
Those descending peaks form a channel whose upper boundary has turned back every rally attempt since the $66,900 high.
Coindoo’s owner Filip Vantchev, posting on X, described the setup directly: BTC was “rejected at the descending channel resistance and is now retesting the 0.2 Fib and 50 SMA – a strong support confluence.”
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