New Bitcoin indicator reveals we just avoided a major drop — but one level could decide the next breakout

Bitcoin spent the weekend mostly within a familiar price channel, then slipped lower before recovering as traders reacted to the developing impact of the Iran war. However, while real-world macro events now dictate Bitcoin’s movements more than fundamentals or adoption levels, where on the chart it stops to test the waters has not changed. Bitcoin has tested both long-term support and resistance since Friday. But wit…