Lines drawn from the beginning of Bitcoin relevant today 📈
₿itcoin 2010 – 2021
Using the extended line tool, I connected points in the first year of Bitcoin's inception, on the weekly candles. Lo and behold, the lines hold relevance to price action, as seen across the years of a logarithmic chart. Note in particular, the yellow line, formed by connecting two points in just the first year, extending out to precisely today, as a division which separates between bull and bear market. It also coincides at the moment with both the daily and weekly moving averages. This is an important price level we're dealing with. I hope you like the chart. Please give it a thumbs up.
Using the extended line tool, I connected points in the first year of Bitcoin's inception, on the weekly candles. Lo and behold, the lines hold relevance to price action, as seen across the years of a logarithmic chart. Note in particular, the yellow line, formed by connecting two points in just the first year, extending out to precisely today, as a division which separates between bull and bear market. It also coincides at the moment with both the daily and weekly moving averages. This is an important price level we're dealing with. I hope you like the chart. Please give it a thumbs up.
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