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PG_HienTrader
Nobody seems to be talking about this, but it’s probably one of the most important technical charts for $BTC right now.
The eight-year trend line stretching all the way back to $3,000 Bitcoin.
It runs through the 2018 and 2022 bear-market lows, and we’re now testing it again on the monthly and three-month charts.
It should go without saying that if we lose this trend line, it needs to be reclaimed very quickly. Otherwise, we can expect a much more aggressive flush below $57K.
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