If bitcoin can break this line, it should have a nice rally to follow

Bitcoin has been down down down for much of the last week.

Pretty much ever since it hit $41k the week prior, we have gone nothing but down.

If we can break this downtrend line though, I'd feel good about the price action in the near term:

(Source:

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In the medium and long term I already feel good about the price as I think we will end the year and next several years much higher than this.