Bitcoin about to break the short term downtrend...

in #bitcoin2 years ago (edited)

Will it get rejected here or break to the upside?

Bitcoin is at an interesting spot here...

We have dropped a bit over the last couple weeks and have now bounced to that downtrend line.

Check it out:

image.png

(Source: https://twitter.com/rovercrc/status/1629876559107555329/photo/1)

At this point bitcoin will either get rejected on its way to lower lows or bust through it and mark the end of the downtrend.

Either way we are at an inflection point for good ol btc.

What do you think happens?

My guess is we bust through it and see more bullish activity in the coming weeks, but we shall see.

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