Looking at BTC on a logarithmic chart on high time frame.
Bitcoin has always bounced from this trend line.
It's pretty easy....
If we lose the "2018" bottom and break down from the long term trend line bitcoin is doomed and could crash very hard.
If 5800 can hold we should see a bounce up to triangle resistance.
If we can break above this resistance the next bull run to 50k is on the table.
Cheers
Bitcoin has always bounced from this trend line.
It's pretty easy....
If we lose the "2018" bottom and break down from the long term trend line bitcoin is doomed and could crash very hard.
If 5800 can hold we should see a bounce up to triangle resistance.
If we can break above this resistance the next bull run to 50k is on the table.
Cheers