This Hidden Trend Line Is The Key To Bitcoin! Must See!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
As I was doing my last analysis around Fibonacci, I discovered this trend line on the logarithmic chart that played a dominant role in the support of Bitcoin during it's last bull run.

See my fibonacci analysis here showing a strong resistance at the trend line I highlighted here.

The trend line has now flipped to resistance and we are currently facing it now.

To get back into a bull run, we need to reclaim this support!

This was a short one, but I wanted to highlight it for you guys after I found it!

Let me know what you guys think!
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That trendline starts in 2011. Urs is too high. 3100 was support.
Bitcoin up to 6k and then down to 4 ?

Bitcoin Adam and Eve heading straight to targets, correction time is nearer than before.

I think the current is similar to the bottom of 2015. What do you think? Please give me a advice.

Just now, it touched this line. Do we need to wait another week to make a decision ?
Soon That line is support again!

I thought 5400 was the last line of defense. If BTC can sustain its hold above 5400, then 6700 is the next target.
We are gonna smash through it and go for 7.5k then bounce back to it :)
+1 Reply
Jacob, when BTC meets this trendline in the future (circa Mar 2021) It will be BTC's top of the next bullrun
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