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🚨 #البيتكوين is not in a downtrend - here’s the shocking truth
Many classify #Bitcoin as in a downtrend simply because a trendline was broken on a short-term timeframe.
But look at the bigger picture.
On the weekly timeframe, the main bullish trend is still intact, and the price is behaving very normally: retesting the 100-week moving average, which has historically been a strong support level during bull cycles.
Breaking a local trendline does not necessarily mean breaking the overall trend.
If #BTC regains its momentum from this area, the market structure still supports the price reaching $140,000 during this cycle.
The market loves to create investor fears at support levels – that’s how peaks and troughs are formed. 👀
#بيتكوين
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$BTC