Throughout
BTCUSD
history, the established support trend line from Aug '15 has proven to be a very important one for the Bulls. For 4 years now, we've seen multiple retests and Bull continuation moves started from it . The run up to $14K in 2019 was certainly a good example of the strong support, given that BTC just retraced 84+% from ATH ($20K).
Now as we decline once again this year from the June '$14K high, it remains to be seen if this long running TL support will behave as a launch pad for future growth. Either way, the pitchforks should act as decent guide to where BTC price will range and test going into the next couple years.
As always: Not Trading advice. Entertainment ONLY. Trade at your own Risk.
BTCUSD
history, the established support trend line from Aug '15 has proven to be a very important one for the Bulls. For 4 years now, we've seen multiple retests and Bull continuation moves started from it . The run up to $14K in 2019 was certainly a good example of the strong support, given that BTC just retraced 84+% from ATH ($20K). Now as we decline once again this year from the June '$14K high, it remains to be seen if this long running TL support will behave as a launch pad for future growth. Either way, the pitchforks should act as decent guide to where BTC price will range and test going into the next couple years.
As always: Not Trading advice. Entertainment ONLY. Trade at your own Risk.
Trade active:
Historic perspective