A sideways break of a downtrend is still a break!

Bitcoin is doing something possibly very significant for the price in the medium term.

What is it doing you might be wondering?!

It's finally breaking it's year long downtrend.

Check this out:

(Source:

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When long term trends like this break, the move on the other side tends to be very large.

If history holds true here, we could see a sizable bounce in bitcoin in the coming months.

I'm looking at the $38k area as an interesting spot.

If we can break $22k in the near term, it's game on.