BITCOIN moment of truth for the COVID trend-line?

BTC is close to the trend-line that started on the (hard body) candle of the March 2020 COVID crash bottom. Last time it got tested (July 20 2021) it held and initiated the strong rally of August. If we are in an accumulation phase much like May - July 2020 or September 2020, then as long as the 1D MA100 (green trend-line) is holding, Bitcoin should rise soon.

If not though? Will that break on the Higher Lows (COVID) trend-line mean a new Low, lower than July's and possibly the confirmation of a Bear Cycle?

Feel free to share your work and let me know in the comments section!




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