People said we broke the december down trendline but everyone is drawing it from the december upper wick down
If you ignore the wick this is what you get:
BTC seems to be reacting to it now and this would mean the down trend hasn't been broken yet.
Thoughts?
Bitcoin downtrend is around $6k and now its current price is around $9k plus. And if we see the demand and the increase of bitcoin day by day it is reasonable enough that it is slowly going out of the bear market. If we breach the $10k barrier this time, in my opinion the bull market will start running smoothly.If you ignore the wick this is what you get:
BTC seems to be reacting to it now and this would mean the down trend hasn't been broken yet.
Thoughts?