Crypto Analyst: Bitcoin Bull Rally is Over if Trendline Breaks
Bitcoin has been on a bull run since the start of 2019, after bottoming in December 2019. Momentum picked up with a $1,000 candle in April and the crypto asset was off to the races ever since.
But now the race appears to be coming to an end, and Bitcoin could cross the finish line soon with a break of a multi-month trendline that has been supporting Bitcoin price thus far and preventing the crypto asset from falling below $10,000.
Bulls In Trouble if Multi-Month Bitcoin Trendline Breaks
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