BTC: failed to break a crucial downtrend line.

Yesterday BTC touched the downtrend line 1 and retreated. Today the BTC tried to break this line but failed. Note that downtrend lines 1 and 2 form a downtrend channel.

From my point of view, a close above 12k is crucial to confirm the resumption of the uptrend.

BTCUSDTrend Analysis

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