Analyst Mags: Bitcoin Retests 8-Year Ascending Trendline
- —BTC trades at $81,669, down 1.05% in 24 hours
- —Price retests an ascending trendline in place for eight years
- —The level is one of the most closely watched structures on BTC's long-term chart
Why it matters: Holding the multi-year trendline would reinforce bitcoin's long-term uptrend, while a break could open the door to a deeper correction.
Source: Coinotag