This trendline has been the backbone of the entire BTC bull cycle—every major dip has bounced cleanly from it. As long as weekly candles hold above, the bull trend remains intact with each retest offering strong support. But once this line is broken with a decisive weekly close and confirmed rejection on the retest, it will mark a structural shift: momentum flips bearish, higher lows are invalidated, and the bull market phase likely ends.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
