Bitcoin: range-bound for a while?

2 thg 2, 2023

My current view on Bitcoin to check later: still in limbo for a while?
As it looks, it could continue to trade range-bound between the very long-term red and green trendlines for a while.
It may end up sliding down along the dashed blue medium-term resistance line.

2 thg 2, 2023

Ghi chú

This is how the trend line currently looks, interpolated to here and now

2 thg 2, 2023

Ghi chú

And you need to keep something in mind. If something is a "trend line", the current price will oscillate around it, sometimes up, sometimes down. That is the definition of a "trend line".