Bitcoin at a major inflection point

Bitcoin is on the verge of breaking a year long downtrend...
Can bitcoin finally break the downtrend?

You tell me...

Right now bitcoin is bumping up against a year long downtrend which frankly has seemed even longer.

It seems like a distant memory, but in November of last year bitcoin was trading for $69k per coin.

Ever since then, this is what we've experienced:

image.png

(Source: https://twitter.com/w_s_bitcoin/status/1577109693583208448/photo/1)

Not a lot of fun, but if we can break this downtrend, the path of least resistance will likely be up.

Another day like today and we smash through it!