Based on Dow Theory, with BTC breaking down trendline, as long as it stays above its previous low around 74,000, it is still not bearish--side way for months to come is essentially possible. But if it breaks down the previous low, we might see corrective wave--zigzags (5-3-5) possibly to test the peak of the previous bull run in 2022.
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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.