this is an analysis i did on the 2014 chart of bitcoin. It indeed looks very similar to current situation. After the break of the downtrend resistance, the price looked for the trend resistance of the previous bullish/sideways trend. Soon after that, it went back down again to search for new lows after a very long period of sideways boring movement. Are we gonna see the same thing happening now?
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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.