We need to close above the Monthly downtrend to get excited.

BNC:BLX   BraveNewCoin Liquid Index for Bitcoin
We didn't hit the green line yet of this long term regression bitcoin indicator this cycle and historically after each halving it did, are we going to hit the green line above $100,000 before the next halving or are we going to continue into this Monthly downtrend? we will only know when the candle closes above the downtrend, so keep an eye on that yellow downtrend line because if we don't manage to close above we could continue into this bear market till next year but we have a really good chance to breakout.