BTCUSD: Can this 7 year trendline save the Cycle?BitcoinCRYPTO:BTCUSDInvestingScopeBitcoin remains bearish on its 1W techinical outlook (RSI = 39.739, MACD = -8511.400, ADX = 26.906) but the short term 1D has turned bullish. This recent rise is capitalizing on the fact that February almost tested the 1M MA50 and March was the first month to close in green after 6 straight red. A trendline that has gone unnoticed is the HL from the December 2018 bottom. It has supported BTC 3 times since then and this is the 4th. That comes along with the 44.00 1M RSI level, which made direct Cycle bottoms in January 2015 and January 2019 while in the last Cycle the June 2022 breach was an early sign that the market was slowing down into the eventual bottom. So it is possible that Bitcoin has entered a bottom phase even though this can take another 5 months of sideways action before materializing. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##