Bitcoin Bulls Risk Losing Uptrend Line From Sub-$20K

bitcoin bull trend line 2021 980x476

Bitcoin price is back under $57,000 after losing an important trend line that has supported the cryptocurrency’s now historic uptrend. The critical uptrend line began just after the leading cryptocurrency by market cap cracked back above $20,000 for the first time, and it never looked back since. Losing such a line, however, could lead to the first extended return to prices previously traded at, requiring a stronger bounce before the Bitcoin bull run resumes. Bitcoin Uptrend Line Built Under Sub-$20K Now At Risk Resistance above $60,000 has proven once again too strong for bulls to break, and bears are now pushing the price per coin back down to retest support lower. Thus far, Bitcoin has held strong and the uptrend has been unaffected since far below $20,000. The full bull run began at prices much lower dating back more than one year ago. The leading cryptocurrency by market cap had…

Read the original article here

IF YOU LIKED THIS ARTICLE CLICK SHARE