This seems to be the most asked questions everywhere. Ok crypto twitter. On crypto Reddit. Basically, anywhere there are people interested in crypto, this is the question on their lips.

However, no one has been able to answer that. At least not very detailedly. Until today probably.

In this post, I'll try my very best to change your bearish bias if you're bearish, and give you hope if you're bullish. Let's go!

I personally believe that Bitcoin would completely explode after a while. It just needs a little more time.

Now, unlike other writers on this platform that have spoken about this topic, I'm an actual trader and not someone who bought at 18k. I trade bitcoin everyday, and basically make my living from trading bitcoin and other cryptocurrencies.

Equally unlike other writers here, I don't have a permanent bias. There have been times I was super bearish on bitcoin. But the technicals have helped me decide my bias, unlike the others who use guy feeling or just want to get rid of their 18k bags.

Bitcoin has been held down by a descending trend line since 2017. Anytime bitcoin reached near 10.5k, it's instantly rejected and thrown down. That's the purpose of a down trend line. To keep the price down.

However, the line has been tested multiple times. About 4 times now, as this week's 10k pump tested the line, and was instantly rejected once again.

But anyone with even the most basic training in TA knows that the more a level is tested, the weaker it becomes.

This line has been tested about 4 times now. It becomes weaker and weaker every time it gets tested. I and other technical traders believe that once the line is tested one more time, we would see a break of the line to about 10.7k. However, we must CLOSE above that line to make our bullish bias firm.

A break of that line leaves no possible resistance in sight. No liquidity pools. No resistances. Just a straight line to 19k, where all your bag holders are at.

Until this happens, I see no reason to be even short term bearish on Bitcoin. There's a lot to come from this cryptocurrency.

Thanks for reading.