We bounced off the logarythmic trendline that is going since the year 2011 for two times recently. It's high chance that now we will go down to the next to the bottom of the current channel once again before bitcoin will go up. But if the bottom if the channel would hold and there would be bounce off the 6k mark - it would be a good sign.
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.