Switching to log scale, we can see the price of BTC is on a collision course with the long term trendline going back to 2015. I believe any buys in the 5000-6000 range are pretty safe long term. We might dip as low as 3500-4500 but that would be short lived. I foresee a slow grind to that trendline over the next 6 months.
BTCBTCUSDbtcusdforecastbtcusdlongbtcusdshortBTCUSDTTrend Analysis

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