Wow. This trendline since 2015 hasn't been broken and is very strong support. If the Market Cap breaks this trendline even the most staunch HODLrs are going to have a hard time hanging onto their coins.
It's the whales/market movers/insiders job to shake out every seller they can so they can buy coins cheap at wholesale prices before bringing the price back up to retail prices to dump on retail traders heads.
Either we're at the "bottom" now OR the abyss we're about to fall into is the nightmare that will shake out every last seller before starting the most epic bull run in human history. It will take a TON of effort to push the price to 100k+. They need to load up on coins and print a lot of Tether to get it there. Just kidding. But yes, it will take a lot of capital to fill their warehouse and create FOMO candles to launch the price into the stratosphere.