Bitcoin again touches 9-year trendline that historically preceded major rallies

Bitcoin touches a 9‑year trendline. Past touches preceded parabolic rallies.

Crypto analyst Crypto Rover reports that Bitcoin has reached a long‑term trendline it has not broken in nine years. He notes prior touches led to parabolic moves: 1,300% in 2017, 1,900% in 2018, 1,900% in 2020, and 700% in 2022, per his post and a Bitcoinist recap.

Rover still warns downside risk. In a follow‑up post, he says a bottom may not be in. He cites realized‑price levels: STH at $74,000 hit; aggregate realized price at $53,600 not hit; LTH at $50,000 not hit, per on‑chain reads on realized price and LTH cost basis. He notes prior bottoms dipped below realized price. Major flushes tagged the LTH line.

Macro adds pressure. A renewed U.S.–Iran escalation could weigh on risk assets.

Another analyst sees lower. Ali Martinez highlights the “Investor Price” at $48,300 as a key level, and discusses it as a long‑term cost basis in NewsBTC. He earlier flagged 1.0–0.8 MVRV bands aligning near $53,900 and $43,150.

Price holds above $60k. CoinMarketCap shows ~$62,600 at press time, up on the day.