Bitcoin: 9‑Year Log Trend at Make‑or‑BreakBitcoin / US DollarCOINBASE:BTCUSDjonlorquetBitcoin is sitting near a 9‑year rising trendline and monthly MA cluster on the log chart, while also retesting the prior cycle’s double‑top high as support. Bull market structure is still intact as long as price holds this zone and the current monthly candle does not close decisively below it. A clean close well under this cluster would be the first clear technical break of the entire post‑2017 uptrend. Unlike prior cycle peaks, there was no high‑volume blow‑off top this time. Instead we’ve formed a grinding, rounded top. That keeps the door open to two very different paths: Bull case: This support holds, buyers step in, and we see another impulsive bounce similar to previous reactions off this line. Using Fibonacci extensions on the monthly log chart, the next major upside projection comes in around 170,000 if the trend resumes. In that scenario, this area is an “easy” trend‑following long: buy near support in an established uptrend with clear invalidation. Bear case: Price meaningfully breaks below the trendline/MA cluster on a closing‑basis. That would mark a structural change and likely trigger aggressive de‑risking. In crypto, once forced selling starts there is “no liquidation like a crypto liquidation” – moves can get ugly, fast, and a multi‑month bear phase becomes the base case. For long‑term trend followers, this is the classic inflection point: Above the line → treat it as a continuation setup. Decisive monthly close below → assume the 9‑year trend has ended and step aside or flip bias. The trend is your friend until it ends – and this level is where the market decides which it will be.