BTC Daily closes above Important Multi-Year Support

For the benefit of anyone who is still trying to buy Bitcoin, the Daily candle closed just above an important Multi-Year Support. A lot of false moves so far where important support gets broken, which is why it is all the more critical that this trendline precedes the CME futures. The selling seems to have been institutional investor driven, because it followed equity markets so closely. I think that we can now say that the short term speculators are shaken out.