Bitcoin just broke a trendline that held for 14 years.
$BTC
is sitting around $79.9K, right around the area that held through the 2017 and 2021 cycles.
Now I’m watching $80K to $82K closely.
Reclaim it on the monthly close and this could turn out to be a nasty fakeout.
Fail to reclaim it, and I’d be much more cautious.
Either way, this is one of those levels I wouldn’t ignore.
$BTC
is sitting around $79.9K, right around the area that held through the 2017 and 2021 cycles.
Now I’m watching $80K to $82K closely.
Reclaim it on the monthly close and this could turn out to be a nasty fakeout.
Fail to reclaim it, and I’d be much more cautious.
Either way, this is one of those levels I wouldn’t ignore.
