Viewpoint: Bitcoin is attempting to break through the descending trendline for the fifth time; it remains to be seen whether it can hold above it.
BlockBeats news, on March 3, renowned swing trader Honey (@honey_xbt) published a 4-hour BTC candlestick chart, suggesting that bitcoin failed to break through the descending trendline resistance around $70,000 in the previous four attempts, and is currently making its fifth attempt. The chart shows that bitcoin has temporarily broken through the trendline, but whether it can hold above remains to be seen.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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