JayLeighton
@jayleighton
Bitcoin has recently broken a long-term descending trendline, which could indicate the beginning of a new bullish cycle. This break suggests that the market has gained enough momentum to reverse the previous downtrend. The price is likely to test higher resistance levels in the near future. If the price can sustain above the trendline, it will strengthen the case for a long-term uptrend. Traders should look for confirmation through volume and a retest of the breakout level.
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