Bitcoin has failed the retest of a critical support line that was first passed back in November 2020 which established the start of the bull run that we have seen over the past year and a half. I am looking for a retest of this line, if it holds as resistance we could see a confirmation of the bear market.
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As shown in my previous chart where Bitcoin fell below the support level that it has held since the start of the bull market in November 2020. SInce then Bitcoin has tried to rest this level but has rejected it and it now sits as resistance. Bitcoin could retest $30,000 now.
