Bitcoin Bounces from a Major Long-Term Trendline $BTC has turned higher after finding support near a rising trendline that has been watched for many years. Price dropped toward this long-term line and then reversed with strength. In the last two days it has climbed more than 10%, moving back above $72,000. The bounce came with rising trading volume and a large wave of short liquidations across the market (more than $3 billion in total). Those forced buy-backs added extra upward pressure. In simple terms: > A long-term rising trendline acted as support
> Buyers stepped in and price reversed higher
> Higher volume and short liquidations gave the move real strength

This is one of the cleaner bounces from a major multi-year level seen in recent months. The next few days will show whether the higher levels can hold or if some of the recent gains get sold. A well-supported rebound from a key long-term line.

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