$2500-$2600 is a nice bottom.

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Once the downtrend line (in red) hits, the price will bounce. Its safe to sell at that point and wait for a breach of that red trendline as a signal of upward continuation to rebuy again.

I believe market makers will try to take the opportunity to push the price even lower by mass selling, sellwalls and FUD. The long term support line (in white) is a nice location to bet on a bottom.
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Bitcoin bounced of the trendline support (in white) and looks like it will now retest the resistance (in red). In case of a break upward at the red resistance a large volume run upward is to be expected due to the high amount of shorts across all exchanges.

Tread carefully.
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Bitcoin broke out of the downtrend, this chart is invalidated.
Bitcoin (Cryptocurrency)BTCUSDcryptocurrenciesTrend Analysis

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