BTC began its current move up on Dec 11, which is where I began this trendline of major support. Since this date BTC has closed only three daily candles below this line, and after some congestion around this line at the end of Jan, since Feb 2 BTC has not closed below it. Note the important touches and support on Feb 28, Mar 25/26 and finally on April 7/8, after which BTC broke out.
I would expect this line to provide continued support on BTC's upward trajectory during this cycle.
Separately, the pi cycle crossing should occur tomorrow (green and gold lines), but I expect this indicator will be invalidated or that there will be multiple crosses.
I would expect this line to provide continued support on BTC's upward trajectory during this cycle.
Separately, the pi cycle crossing should occur tomorrow (green and gold lines), but I expect this indicator will be invalidated or that there will be multiple crosses.
