Bitcoin at critical trend linesteemCreated with Sketch.

in #bitcoin4 years ago

Further to my recent posts [1] [2], a look at the long(er) term trend lines reveals that we are at a critical juncture on the charts.

Figure: various trend lines in the current bull run

The price is at the trend line extending from July 2017 until now and could prove a good support. If held, this could mark the start of a sold move upwards and a resumption of the bull trend.

If broken, a second slower trend line may offer support at $7,500.