In my opinion, bitcoin is going to follow the path along the trendline, this would put bitcoin touching 7300s to 7400s. I would not trade bitcoin until a reversal is confirmed, but I believe this is a potential point for a nice bounce.
If the green trend line doesn't hold, then we will likely see 6000s and a possible mid to long term bear market
If the green trend line doesn't hold, then we will likely see 6000s and a possible mid to long term bear market
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Yellow dashed lines are clones, which would put us conveniently touching the trendline
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Thumbs up if you agree, if you don't please leave a comment with your opinion/view on BTC.
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Green trend line is holding, but we have to be aware that it's also possible to go as low as $6800s which is where there is another major trend line.
