The trend line that acted as resistance for for multiple years may have seen it's first sign of becoming support. It's expect appears most people price to plummet or sky rocket. Likely that multi year trend line is repeatedly tested frustrating those looking to profit from large swings in either direction. If Bitcoin is going to decouple from stocks it will mostly do so at this trendline. This is the deciding line between clear end to bear market and start of bull market. This will likely become a point of accumulation for smart money.
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Disclaimer
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.