Bitcoin is close to breaking a major downward trend that started when the market began falling around the time of Trump’s inauguration.

Right now, Bitcoin has already moved above the first resistance level (shown as a white line) and is testing a more important resistance level (shown as a grey line). If it breaks above this, it would suggest that the chances of Bitcoin dropping further are lower.

After the recent Federal Reserve (FOMC) meeting, which had a softer tone on interest rates, market conditions have improved. This positive shift is also reflected in Bitcoin’s price pattern, which looks strong and ready for further gains.

Source is from a friend.

but still stand there are possible for more down side but not immediately