Bitcoin's Future: Trend Shifts, Price Dips, and Macro Uptrends
TL;DR Summary
Crypto strategist Rekt believes that Bitcoin has entered a new macro uptrend after breaking its bear market trendline and closing March above a diagonal resistance that has kept BTC bearish since November 2021. Rekt points out that the monthly candle close in March marks a momentous occasion for the king crypto, as it has only happened three times in Bitcoin's history. The quarterly bullish engulfing candle also indicates a potential reversal in trend, as it shows tremendous buying pressure. At the time of writing, Bitcoin is trading for $28,363.
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