BTC is currently bouncing off its longest support. looking back to what BTC has done in the past 8 years after it touches this support line. it is showing us BTC can be in a big accumulation sideways upward movement.... However BTC has not a had a blow off top during this/last cycle (depending on your stance). so it its hard to say if we ride along this support for 700 or so days or bounce and we have our blow off top before coming back down to retest this support.
P.S. the two times we went below the support line were "black swan events" bitfinex "hack" and covid.
P.S. the two times we went below the support line were "black swan events" bitfinex "hack" and covid.
Comment:
luna debacle a black swan event?