Bitcoin hits a wall – the chart just challenged the $88,000 bull case

The price action is sending a clear warning signal that analysts' optimism may be running ahead of itself. What to know : BTC has turned lower from a bear-market trendline drawn off the October highs above $126,000. The so-called rejection comes as analysts point to ETF flows, macro tailwinds, and Coinbase premium as catalysts for a rally toward $88,000. Until price reclaims the trendline, that bull case looks delayed.(Coindesk)