Bitcoin is finally bouncing from the ascending support line of the great rising channel.

Historically, every bounce from this line has marked the end of a bear market.

The green-shaded zones have only appeared when Bitcoin entered a bull market.

Basically, Bitcoin has spent around 1,470 days in a bear market.

If Bitcoin hits $1.746M, that would repeat the 2017 impulse.

After rejecting that level, it would take Bitcoin around 3,045 days to fall back to the ascending support.

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