Bitcoin [BTC] trendline analysis on a logarithmic scale. Look how the progression has found the 2017 bullish trendlines again. The noise and bubble have been srug off pretty quickly.
The previous time, Bitcoin underwent large consolidation periods. However, now it has found the same trendline again after 2018 break-down! Interesting huh!
The previous time, Bitcoin underwent large consolidation periods. However, now it has found the same trendline again after 2018 break-down! Interesting huh!
Note
Even a 13,000 could again break back to 10,000.Note
Broke an important trendline here! If it doesn't go back to it, bears will take full control for an unexpectedly long time.
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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.