Now since BTC has hit ATH it is no secret we have been trending down as can be clearly seen by the Solid RED line which if/when breached could result in the bull run everyone has been anticipating.
A more recent development making this that much more interesting to follow is the MASSIVE formation outlined in the Dotted GREEN, starting from the recent low hit Feb 6 ($5,875) with several confirmations along the way meeting the upper level of the at $11,850 which would be a major indicator.
The Dotted ORANGE line sitting at $11,150 is the 61.8% level of fib retracement from ATH to the swing low on Feb 6 which will also act a MAJOR support / on the way to test and hopefully break $11,850 on the way up.
****This is NOT financial advice by any means, I am not a licensed nor a professional financial advisor, this is my humble perspective and should be taken with a grain of salt.****