BTC Failed Breakdowns Set Up a Tactical Trade to 70KBitcoin / U.S. dollarBITSTAMP:BTCUSDTheCarnyBTC has failed to break down under 60k multiple times. While I see little reason for the BTC bear market to be over, with things like STRC trading at 87 and froth still across the yield farming sector, BTC itself has a decent technical setup. The 20ema is crossing the 50sma, near-term relative strength is okay, and we have seen multiple failed breakdowns. Many are chasing a rally into the 200sma in the low 70k region. While I do not see BTC as a good investment at these levels, the RR is not bad for a quick trade to 70k. If general risk sentiment does not crash due to elevated oil prices and Iran escalation, the long window is open.