Another chart showing why this could've been the possible bottom

Long

Bitcoin (BITSTAMP:BTCUSD)

Updated

BITSTAMP:BTCUSD Bitcoin

Trend Analysis Chart Patterns Bitcoin (Cryptocurrency)

trendanalysis chartpattern bitcoin

Looking at Total Market Cap it will also be breaking this long term line...

snapshot

Comment:

Appears we have bounced off that market cap tendline and went down... Bears in control right now! Keep an eye out on that market cap trend line though as we aren’t far away from it atm.

Comment:

snapshot

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