🔥 Last Hope For Bitcoin: Secret Trendline Revealed! 🚨

11 set 2023

Over the last few weeks I've been making a lot of bearish analyses. I still hold the idea that Bitcoin will likely go down for the remainder of the year and that ~31.800 was the top for 2023.

Nevertheless, I think it's important to look at different perspectives of the market, hence why I'm trying to look from the perspective of a bullish investor.

In my eyes, this purple support is the best bullish argument one can have. This support line has been created over 6 years ago, making it one of the best long-term supports in Bitcoin's existence. A bounce from this support line was also the reason why I called for the end of the bear-market back in January.

So, all bullish hopes are on this support to hold. If it doesn't, it means a break of a 6-year long bullish structure and more downside to come. I still hold the belief that ~15.500 was the bottom, but a move towards 20.000 or lower is certainly possible.

Do you think this support will hold? Are you bullish or bearish? Share your thoughts in the comments 🙏