On the 4-hour timeframe, we can clearly see that the downtrend line has been tested multiple times, so the probability of a breakout is very high. Of course, price tolerance should always be considered. My guess is that from the current price or around $81K, Bitcoin has likely bottomed.
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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.