The Red Line Is The Base of the triangle and the support for bitcoin price. currently bitcoin price is under the support line. in my opinion it can get back to the above the support line and get back to 40k - 42k ranges. otherwise if it can't pass the support line. I see it as a resistance for future. or maybe it drops back to 29k price ranges.
( that is my idea about it. please do your own analysis and research. ).
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