This chart is a simpler one and with less noise compared to my other Bitcoin technical analysis. It is a good practice to tweak your charts from less noise (less detail) to more noise (more detail) so that your TA will always be on point.
The Bitcoin price simply needs to overcome $13,123 to continue upward movement. A breakdown from the yellow diagonal line would be a major change in trend in seven years and it could be a bad omen to Bitcoin adoption. However it could mean other cryptocurrencies could take the lead.
The Bitcoin price simply needs to overcome $13,123 to continue upward movement. A breakdown from the yellow diagonal line would be a major change in trend in seven years and it could be a bad omen to Bitcoin adoption. However it could mean other cryptocurrencies could take the lead.