Bitcoin gives a fakeout below the uptrend channel to liquidate | Crypto Chart Alerts

Bitcoin gives a fakeout below the uptrend channel to liquidate over leverage positions and trigger stop loss. BTC is now back above the $40,000 area and this is a good sign. If BTC holds above the $40,000 level then we see a move towards $42,000 resistance. Bitcoin is back in the uptrend channel. We may see a big move this week.