If $BTC doesn't dip below here, we might consider it a clean touch on the long-term support that's been forming for years. On structures this size, trend lines are never perfect — this approach is pretty much the best we can get.
Even if we tweak the trend line a bit, the price still respects the same zone. This kind of interaction isn't random.
Overall, this looks like a potential bottom area or at least close to it. It's hard to see a scenario where the price suddenly breaks down and plunges deeper towards the 40-50K zone from here.
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