Well it's official Bitcoin finally broke out of the downtrend.

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BTC or XBT (whatever it is) finally broke out of the down trend. For the first time since June 2019, it finally achieved a higher high (not ATH, but trend based HH).

Does this mean we are in an uptrend? No... we would need to establish a new Higher Low, and then an new Higher High for that to be confirmed.

But at least it means it is no longer in an official down trend currently.
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스냅샷
노트
Well holy fucking shit, I expected it to come down more, but we have now officially established a new higher low, and new higher high on the weekly.

스냅샷

So technically speaking BTC has re-entered an uptrend.

If we get below 10911 though, the uptrend will be invalidated.
노트
Correction, we haven't established a new higher high (that won't occur until the weekly bar is closed), but we did achieve it.
BTCBTCUSDTrend AnalysisxbtXBTUSD

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