The bit coin is in place to determine the directionality of the current price. As you can see, the chart showed a convergence pattern, and was resisted against the downward trend exactly.
If you are a buyer-oriented trader, the two most important things to look at in the current chart are whether the bottom of the price continues to rise or breaks down to convergence.
In the near future, many traders in the technical analysis will be able to complete a chart to make a decision. Cryptographic investors wish you a sincere and successful investment.
If my analysis was interesting or helpful, I would appreciate your suggestions :).