BTCUSD has flirted with this long term trendline dating as far back as, where I would consider the initial touch to be, 19th September 2011; 8 years of trading have shown that this could well be the general direction for the price action of the cryptocurrency.
If price action continues to move sideways, we could well see a retest of the aforementioned trendline. A bearish break could see price plummet as it has done multiple times in the past when this trendline has been breached, on the contrary, a bullish bounce could just as well be the beginning of a break of a multi month bull flag formation.
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If price action continues to move sideways, we could well see a retest of the aforementioned trendline. A bearish break could see price plummet as it has done multiple times in the past when this trendline has been breached, on the contrary, a bullish bounce could just as well be the beginning of a break of a multi month bull flag formation.
https://tych.online
Bitcoin: 142Tm5VjPFPXydS8b7mXNbvyzH94LUYuxp
Ethereum: 0xfCf3B9C57d0fDB0FdaB0B6f5C27B71eAf3eeb302
Website:
tych.online