Two most important trend lines right now in BTC

The idea is very simple and at the same time very concrete and decisive.

The chart indicates the two main trend lines that are currently playing the most important role in the price of Bitcoin (blue lines).

We are at a critical point and there are only two scenarios:

-The price forcefully breaks down (God have mercy on us). It would actually be very difficult to determine how low the price would go, since the uptrend that the inverted H&S pattern indicated would be lost.

-The price bounces up: It would be the best scenario for those who bet on the rise in both bitcoin and Altcoins, and there could be an "altseason" since the inverted H&S pattern indicates a minimum projection of prices up to 35,000 USD.

If you ask me which direction I think the price will follow, I would tell you that it is upwards, since it broke two lines that were previously resistance and are currently supporting the price, but nevertheless I think that everything depends a lot on the next market news . We must be very attentive to them. You can belong to my information channel (link below) and be aware of market news

I hope you liked my analysis, which was born in a moment of epiphany and arrived at a time when I really needed it since I was not clear about what was happening, nor where the price could be directed after having in the head many overly complex technical analyses. Sometimes less is more!

Please leave a comment and I promise to reply to you as soon as possible.

Health for you and your family!