BTC Longer Term Downtrend Line

A while ago I mentioned that we may have a wave 1 that could break out of the long term (log) downtrend line and then re-test it as support. Could it still be playing out? The line is now roughly coinciding with major Fibonacci support.
Bitcoin (Cryptocurrency)BTCUSDBTCUSDTChart PatternscryptoCryptocurrencyWave Analysis

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