On the line chart (which only accounts for candle body closes) has just made a higher high than the one established around $200 in March of 2024.
Now any retest and candle bodies holding this level should establish a floor of support around $200. If we see this level continue to hold it could be a launching point for new all time highs.
Remember we can wick lower, but seeing daily candle bodies close above will be a very very bullish indication of strength.
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