I haven’t felt much need to update the chart for a while as we continue consolidating the price around this level. However I’ve just been looking on this 3 month log chart and drawn in this possible line of support.
It will be interesting to see what happens when the price hits this line in the near future. Will we get a bounce up in price. I think there’s a decent chance that may happen and if it does the chart will start to look rather bullish again.
Have even added in some faint grey dashed lines where an upwards channel might be lying in wait.
If you’ve been sitting out, maybe its soon time to get back into bitcoins?