The lines you need to pay attention to: Bitcoin

Significance of the two trend lines:

Here is the death cross in 2014. NOTICE, how price still went above even after the death cross? We could something very similar happen again. So even if it breaks above it does not make it invalid

Long term I am a major bull.
Short and medium term, tread carefully.

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strong bounce off 7800 level

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The chart says everything you need to know about where we stand.