I drew the original trend line back in mid 2017, as you can see, we had exponential growth, and of course the winter crash.
After the major crash, it touched the original trend, with only a shadow, and then tested it 2 more times, both bottoming out at the bottom of that trend line. We can see this is an extremely strong trend line, dating all the way back from March of last year.
I believe after the rest of the mt gox funds are dumped, and if any remaining governments decide to ban crypto, we will finally break out of this trend again.
With bitcoin becoming more of a store of value, and safe haven from trading alts, it acts more like a long term investment, or the stock market average.
After the major crash, it touched the original trend, with only a shadow, and then tested it 2 more times, both bottoming out at the bottom of that trend line. We can see this is an extremely strong trend line, dating all the way back from March of last year.
I believe after the rest of the mt gox funds are dumped, and if any remaining governments decide to ban crypto, we will finally break out of this trend again.
With bitcoin becoming more of a store of value, and safe haven from trading alts, it acts more like a long term investment, or the stock market average.