Bitcoin’s decline to the level and a return to breaking the level and stability above it, simply means the beginning of the rise to the levels in the coming months (if all goes well), the level will be a strong resistance, and in the event of a break it will become Strong support.
Disclaimer

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.