Is Bitcoin going to reach 230,000? The battle for the key trend line has begun!

Currently, Bitcoin is priced at approximately $109,475, with a slight increase today, peaking at $110,249, and it is currently oscillating in a hesitation zone.

But here comes the key point——

Since the end of 2023, Bitcoin has maintained the trend center line on the weekly chart for nearly two and a half years, with countless rebounds during this period, earning it the title of 'central axis divine line'.

And now, it has just broken below this line.

If it can regain this line in the short term, it will be a very important technical rebound, likely sending the price directly above $230,000, followed by a pullback to confirm the trend.

This is a battle for the 'death line'; holding it = restarting the main upward trend, losing it = continuing to consolidate, and the key lies in the next few candlesticks.