Historical Bitcoin's 11 years trend line resistance.

[Freeveto]

While making some  research this morning on BTC Chart and why it's still battling to break the particular zone we are currently trading on ,
It drew my attention to discovered that BTC has repeatedly respected this trend line for over the past years period of time and currently battling to break this historical trend line. it would have make more sense If I uploaded a picture of what I'm discussing but I can't
 
This year marks the historical trend line 11 years to be  respected .
When I revisited  the chart, I realized that this very time around, the chart is looking  more choppier than before which is signaling weakness which could lead to a possible break out of zone If we see future growth and price momentum.

I want  to know the view of fellow traders here what they really think about this trend line that has long been respected for a period of 11 years in  Bitcoin's  history.

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[SpenserReed]

it would have make more sense If I uploaded a picture of what I'm discussing but I can't
 

Interesting, can you tell the main features of the trendline (timeframe, some crosses of time and price)?

[Freeveto]

it would have make more sense If I uploaded a picture of what I'm discussing but I can't
 

Interesting, can you tell the main features of the trendline (timeframe, some crosses of time and price)?

This is base on S2F model by planB tracking BTC from 2009-2022 down to this year,it would have been better if illustrate with a picture of what I'm talking about, record has shown that anytime the price touches those level of resistance that bitcon enters bear market and which is still same thing we have now in the market which took us down to the current price of Bitcoin.
Go check out this
https://twitter.com/100trillionUSD/status/1459842799000555532?t=ejN0OpGvU3bQ86t6FjDHLw&s=19

[PX-Z]

it would have make more sense If I uploaded a picture of what I'm discussing but I can't

Simply upload your images on imgur or imgbb and include the image url here.

Can't fully understand what you're saying especially this "particular zone" but maybe adding images with descriptions/explanations will probably help.

[teosanru]

Just talking about a trendline makes zero sense to anyone, i don't know what's the issue why you can't upload image of the chart you are seeing, but interestingly 11 years trendline is almost an impossible task to draw because of the exponential rise in price, you might be using a log chart but still making such a trendline with accuracy in this region is hard. Also in your post it's not even clear that you are talking about a supporting trendline or resistance trendline.

[Odusko]

This makes no sense at all, what trendline is Bitcoin following you failed to mention that, and also if you are talking about bitcoin market movement then you may be right Bitcoin always follow a none stable trendline and that is why Bitcoin price is most of time unpredictable and uncertain, every trader and holder is aware of this so no much one direction expectation from Bitcoin just ride with the trend.

[roslinpl]

Mostly people doesn’t look into the deep investigation,until it reach the new high or maximum high.But it’s not an healthy environment.Because get into the new technology at the entry level will gain you huge.Most of the people come to know about the bitcoin after the decades was not a good sign,it was a bad one.Most millionaire was born from it,now you was just entering to that platform.

[Apocollapse]

Mostly people doesn’t look into the deep investigation,until it reach the new high or maximum high.But it’s not an healthy environment.Because get into the new technology at the entry level will gain you huge.Most of the people come to know about the bitcoin after the decades was not a good sign,it was a bad one.Most millionaire was born from it,now you was just entering to that platform.

It's really bad thought, you're just saying the @OP is late to buy Bitcoin while no one is never late to buy Bitcoin even in the next 10 years. There's some speculators e.g. PlanB with his Stock to Flow chart, he's analyzing Bitcoin could hit $1million on 2025. Let's say he's right on 2025, anyone who bought Bitcoin for $40K/each right now will become millionaire on 2025!

[bittraffic]

Since he says its 11 year trendline, this trend line must be in the longer time frame which is maybe monthly chart. But you can see BTC has upward trend if you zoom out, that's just what he is saying.

I'm not sure you can actually try putting a trend line aligning the higher lows in that time frame since BTC is just a decade. Wait till another few decades and people who had invested in BTC this 2020 will be able to see that they are still considered early adopters.