hey everyone and thanks for jumping back into the cryptoverse today we're going to talk about bitcoin hold the line if you guys like the content make sure you subscribe to the channel give the video a thumbs up and also check out the telegram channel which you can find a link to in the description below today was quite the battle a lot of ups and downs you know at times it seemed like it it was it was just going to you know to peter out uh but look at the end of the day it was a decisive win in the sixth game of the world chess championship so i know a lot of people were watching that and and uh we did not have a sixth straw so we actually have a decisive game and i'm sure you guys remember when when magnus went uh um rook a to dNUMBER_TOKEN rather than rook c to cNUMBER_TOKEN that was a pretty eventful moment uh but anyways let's get back to the to the more boring stuff right bitcoin we wanted to hold the line right and and as we as we said we put out a video not that long ago but i want to do an update here because we actually went down to the NUMBER_TOKEN week estimate right so we know the NUMBER_TOKEN week estimate is where we would like to hold the line and we had a wick i mean look at this wick it went right below it okay so the NUMBER_TOKEN week is currently at just you know just below NUMBER_TOKENk right just below NUMBER_TOKENk and and you can see the the wick on this went just below NUMBER_TOKENk as well slightly below where the NUMBER_TOKEN-week moving average is so a pretty important test here okay fairly important test uh this is is not that unsimilar to what we saw back in september okay now the question is can we hold the line again and if we can then you know i'd say there's a decent chance we're gonna we're gonna continue on i should say i still you know regardless i i do think bitcoin is ultimately on track uh later this cycle to you know to break out to NUMBER_TOKENk but we have a lot a long ways to go of course we could break out above above these levels uh before too long but the NUMBER_TOKENk bitcoin i'm guessing is coming in NUMBER_TOKEN. as i've said for the last several years um but what i would like to see i mean you know we would like to see bitcoin hold the line right i mean this is this is a pretty important test the last time we tested it was at NUMBER_TOKENk one of the nice things about testing it now is if we hold it as support then you could then argue that that could be the bear market bottom rather than NUMBER_TOKENk perhaps NUMBER_TOKENk or NUMBER_TOKENk would be the bear market bottom because as we've shown in the past usually when you hold the line and by usually i mean i think every single time usually when you hold the line uh you never go below it again okay every single time uh where we hold the line we we then don't revisit those levels okay so then we can go back to other cycles as well and see the same thing so today we held the line at you know at NUMBER_TOKENk but we're still in the daily time frame we'd like to see the weekly close stay above it we'd like to see next
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