Bitcoin is on the verge of breaking a year long downtrend...
Can bitcoin finally break the downtrend?
You tell me...
Right now bitcoin is bumping up against a year long downtrend which frankly has seemed even longer.
It seems like a distant memory, but in November of last year bitcoin was trading for $69k per coin.
Ever since then, this is what we've experienced:
image.png
(Source: https://twitter.com/w_s_bitcoin/status/1577109693583208448/photo/1)
Not a lot of fun, but if we can break this downtrend, the path of least resistance will likely be up.
Another day like today and we smash through it!