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Can we hold this line?

jondoe - 2024-08-04 21:49:18

Bitcoin testing the uptrend line from 2024


Can it hold?


Bitcoin hit $57k earlier this morning and has since bounced.


Will the bounce be short lived or was that the bottom?


image.png


(Source: https://x.com/AltcoinDailyio/status/1820176220904124598/photo/1)


So far the uptrend line is holding up, but will it?


What do you think?