There is a possibility right now that the downtrend on BTC and the crypto markets haven already ended and we have started a new uptrend!
The break of the 3 month trendline is an important event and so far we are still above it. It would be very bullish if it's tested and it holds.
To fully confirm the uptrend, we would want to see a higher high, which being conservative, would correspond to a daily close above $43.8k for BTC!
If the uptrend is confirmed, and considering we will have a new leg similar to the one that started in July 2021, we might expect to see $BTC near $77k in the next 4 months. But that's pure speculation!
The break of the 3 month trendline is an important event and so far we are still above it. It would be very bullish if it's tested and it holds.
To fully confirm the uptrend, we would want to see a higher high, which being conservative, would correspond to a daily close above $43.8k for BTC!
If the uptrend is confirmed, and considering we will have a new leg similar to the one that started in July 2021, we might expect to see $BTC near $77k in the next 4 months. But that's pure speculation!
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