Where is a global break in the $BTC trend possible?

To begin with, we must always remember that our “grandfather” is an asset whose emission, despite mining, is becoming less and less every year. This is due to the cruel and forgetful holders. What should traders do with such an asset? If we consider a swing trade, the easiest way is to focus on trend lines and moving averages of a higher time frame. Now the break in the uptrend is located at the level of 22-23 thousand dollars (green dotted line). And from above we hit the 200 day and weekly moving average, which pushes the price towards the trend line.

What conclusion can be drawn from this? That another trend test is possible, which will be a good sale before the next move up. The bear market has been very long and is ready to shake everyone out of their positions. Therefore, marking a higher timeframe always helps to understand where we are.

Do you think we’ll go trendy? Or maybe we’ll break through it altogether? Write your opinion in the comments 👍