Throughout BTC history, the established support trend line from Aug '15 has proven to be a very important one for the Bulls. For 4 years now, we've seen multiple retests and Bull continuation moves started from it . The run up to 14K in 2019 was certainly a good example of the strong support, given that BTC just retraced 84+% from ATH (20K).
Now as we decline once again this year from the June '14K high, it remains to be seen if this long running TL support will behave as a launch pad for future growth. Either way, the pitchforks should act as decent guide to where BTC price will range and test going into the next couple years.
As always: Not Trading advice. Entertainment ONLY. Trade at your own Risk.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.