BTC... change of sentiment?

153 7
Finally broken through the long term downtrend resistance line (on very good volume too)! Looks promising for a new bull run...?
From my point of view it is very possible

looks like your not yet sure?
retiringsoon1 franzdgreat
@franzdgreat, needs to close at least 1 candle above the line for decisive breakout.
itooam franzdgreat
@franzdgreat, now that btc is seemingly believed to no longer be in a bubble (?), I now feel that technical analysis can show more merit since the market will be less impacted by fake / negative news. I.e., at the peak of the bubble (circa $20k), investors were trying to figure out when to exit their long positions because everyone was fearful that it was in bubble territory etc... Though I now feel the news will have less impact, this cannot be fully ruled out... and so I would much rather wait until the price breaks above the current $9800 resistance (as per the top purple line on my graph) as to whether to become bullish once again.
@itooam, i think BTC is going sideways for months after the bounce
itooam franzdgreat
@franzdgreat, you may be right, there is a common pattern this time of year if you look back the last 4-5 years.
itooam itooam least it ultimately it tends to be bullish ;)
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