BitcoinPanjang
The Bitcoin Breakdown of the downtrend. A NEW BULLRUN?
The BTC price have been in a downtrend since its peak, early November 2021 at a price high shy of $70,000 US Dollars.
Since, price had decreased 50% plus to a local bottom around $33,000 US Dollars, Late January 2022. Followed by a relief
rally with a peak around $48,000 US Dollars, Late March. For then continue its downtrend to the support area around
the $18,000 US Dollars (that just around the price peak of late 2017). Recently, this month the price made a break of the
downtrend channel form by this price peaks/bottoms since November 2021. This break can be observe around the price of $19,300 US Dollars.
Since, price had decreased 50% plus to a local bottom around $33,000 US Dollars, Late January 2022. Followed by a relief
rally with a peak around $48,000 US Dollars, Late March. For then continue its downtrend to the support area around
the $18,000 US Dollars (that just around the price peak of late 2017). Recently, this month the price made a break of the
downtrend channel form by this price peaks/bottoms since November 2021. This break can be observe around the price of $19,300 US Dollars.
Penafian
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